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Howden M&A is not just one of the UK’s leading brokers for transaction insurance; Just over a year ago, the company also established its first Nordic office in Stockholm, an investment that has resulted in them now gaining significant market shares in all Nordic countries.
After Howden M&A opened its first Nordic office in Stockholm in 2019 under the leadership of Carl Levin and Alexander Rasmussen, both former attorneys for leading law firms in Stockholm and Copenhagen, respectively, the firm has been full.
– The local settlement has been received with great interest by the Venture Capital sector, real estate companies and more traditional companies with high transactional flow. Many of the main players in these sectors and their international law firms have already worked with us in other European countries, where they have appreciated our service and experience. Now even the leading law firms in Sweden, Norway, Finland and Denmark are beginning to open their eyes to the qualitative advice we offer and how we differentiate ourselves from the competition, says Carl Levin, Director Sweden.
Transaction specialists
Howden M & A’s rapid growth and strong brand in Europe are built on insurance advice with a boutique touch that combines the drive and entrepreneurial commitment of the company with accessibility and leading insurance expertise. The foundation is built on being able to assist clients throughout the insurance process with teams of experienced specialists who have many years of transactional experience from law firms, investment banks, auditing firms, and consulting firms, Carl continues.
– We are often told by our clients and their advisers that we have an appropriate and value-creating approach to our advice. We work hard to be proactive and always dig deep to understand our clients’ transactions, their agreements, and related risks. In addition to the expected negotiation and mediation of the insurance contract itself, we always work closely with the client and their advisors, where we provide detailed advice on everything from drafting the guarantees in transaction agreements to the scope of the so-called due diligence of the advisors, all to ensure an efficient process. and the best insurance coverage, he explains.
Not just private equity clients
One reason for the rapid growth of the industry and Howden M&A has been transactions related to when private equity funds and large real estate funds want to make “clean starts.” However, an ongoing trend is that other players have also begun to realize the benefits of transaction insurance and that not only big deals can be insured.
– The concept is primarily that a buyer takes out transaction insurance that is intended to cover the seller’s monetary liability as a result of a breach of warranty under a transfer contract, thus transferring the seller’s risk to an insurer. The purchase price is freely usable and any claim for breach of warranty is directed to an insurer rather than the seller. Of course, this is not only in the interest of private equity, as everything from groups selling subsidiaries to individuals selling family property can benefit from not having to dispute or reserve funds for potential collateral violations. This part of the insurance market has also become increasingly competitive and today we can find insurers offering affordable solutions for businesses or investments with transaction values already in excess of SEK 100 million, Carl concludes.
Facts about Howden M&A
Howden M&A is an insurance brokerage company offering transaction insurance expertise and advice. Howden M & As Nordenkontor was established in Stockholm in 2019 and the company has a presence throughout Europe with headquarters in London and local offices in Stockholm, Frankfurt, Munich, Amsterdam, Madrid, Warsaw and Paris. Howden M&A is part of the Hyperion Group, which is one of the world’s largest personal-owned insurance brokerage groups with more than 5,000 employees in 40 countries.
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