Howden, the London-based insurance coverage dealer, introduced the acquisition of Tower SpA, a Vicenza, Italy-based specialist insurance coverage dealer and threat consulting firm.
This follows the acquisition of the extremely regarded Andrea Scagliarini SpA in July 2021, and reinforces Howden’s dedication to carry another option to purchasers.
Monetary particulars of the transaction weren’t disclosed.
Established 34 years in the past, Tower boasts unequalled expertise within the jewelery sector, a typical exercise of the Vicenza district within the North-eastern area of Italy, in addition to in monetary establishments.
“We selected to hitch Howden as a result of we share the identical values: it’s a Individuals First, employee-owned enterprise the place colleagues are empowered to ship distinctive service,” commented Guido Mocellin, founder and chairman of the board, Tower S.p.A. “Our purchasers will profit from Howden’s experience and product information, and we will likely be empowered to symbolize them in all of the international locations through which they’re current. Howden’s impartial spirit will allow us to proceed to deal with our purchasers, which is our power.”
“Tower is an organization that I’ve lengthy admired for its specialist experience. I’m honored that Guido has chosen Howden amongst the numerous gives from different brokers,” stated Luigi Sturani, regional CEO, Howden, Europe. “That is one other nice step in our ambition to place ourselves among the many prime gamers within the Italian and European market, and Tower will likely be key in conducting our technique of product specialty and territorial distribution.”
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