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Howden to Acquire Spain’s Largest Independent Broker, ARTAI April 22, 2021
Howden, the London-based insurance broker, has announced the acquisition of ARTAI, Spain’s largest independent corporate insurance broker.
The transaction, which is pending approval from Spain’s Directorate General of Insurance (DGSFP), will see Howden’s presence in the region grow considerably, managing more than €350 million ($422 million) in premiums, with a workforce of 600 employees across 30 offices in Spain, Portugal and Morocco.
ARTAI was founded 28 years ago in Galicia and specializes in advising companies in the textile, marine, marine-fishing, logistics and fleet sectors, in addition to providing risk management for large accounts.