Howden Announces Record Growth and Financial Success
160 UK Offices and 5,000 Employees Serve 17 Million Policyholders
Global Expansion and Market Evolution Drive Growth
Howden, the leading international insurance broker, today announced its financial results for the year ended 30 September 2023, showcasing strong growth and continued success. The company now operates 160 offices in the UK and employs over 5,000 people, serving approximately 17 million policyholders and managing around 8% of the UK insurance market.
From its humble beginnings with six staff and a dog, Howden has grown into an international powerhouse with a global presence. This expansion has been driven by both globalization and the evolving needs of the market. The company has recently added several high-profile executives to its team, including Mahmud Kamani and Carol Kane of Boohoo, Richard Harpin of Homeserve, and Robert Walters of Robert Walters.
In a recent refinancing, Canada's CDPQ valued the business north of £2 billion. This makes Howden the sixth-largest employee-owned company in the country. The company's strong financial performance and commitment to its employees have been key to its ongoing success.
"We are thrilled with our financial results and the continued growth of Howden," said David Howden, CEO of Howden. "Our team has worked tirelessly to provide our clients with the best possible service, and these results are a testament to their dedication. We look forward to continuing to grow our business and serving our clients in the years to come."
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