Howden, the global insurance group, has acquired Hudson Sky International, securing briker’s position as a pre-eminent broker in the aviation insurance sector in Switzerland, according to Howden.
Hudson Sky has established itself as a leading aviation (re)insurance broker in the Swiss market, with its core focus on the helicopter segment, and servicing a range of clients on a global scale. The acquisition will cement Howden’s position as a major force in the aviation sector as well as strengthening Howden’s geographic presence in Europe.
The acquisition is part of Howden’s wider strategy to become a leader in its chosen specialty markets, such as aviation, the intermediary said, for Swiss and international clients.
This announcement follows the news of the two new hires to the London aviation team, Steven Crook and Wayne Hawkins, as the business drives further growth into the airline and aerospace sectors.
For us, this acquisition was an important and strategic step for Hudson Sky as we assessed our long-term development plan in an increasingly complex global marketMartin Accola, managing director, Hudson Sky
The clients will benefit from Howden’s industry wide expertise, placement and networking services, in addition to the usual personal service of experienced team.
Hudson Sky holds extensive sector experience and this will be essential as broker meet growing client demand in the region.
We have seen a considerable increase in demand for specialised advisory services in the aviation sphere and this acquisition is a vital step as we become market leaders in this spaceHans-Jörg Blumer, managing director, aviation, Howden Switzerland
Hudson Sky will bring an additional strength to our operations in Switzerland. It reflects commitment to providing clients with best-in-class solutions and the combination of Hudson Sky and existing capabilities will enhance Howden’s aviation offering significantly.