Howden Expands with Acquisition of ARM Group Holdings

Howden recently entered the captive insurance management arena in an agreement to acquire ARM Group Holdings Limited (ARM), the parent of Alternative Risk Management, one of the largest independent insurance managers in Europe and a specialist in the formation and management of captive insurers.

Based in Guernsey and with a management license in Bermuda, ARM offers global insurance management services and currently manages over 80 captive insurance arrangements.

"In-house captive capabilities are an essential piece of the puzzle in order for us to provide unparalleled solutions for our large and multinational clients. This is a growing market with strong demand for new entrants, and by harnessing the power of our global network; our market-leading specialty, reinsurance, and analytics capabilities; and now, our enhanced captive capabilities, we look forward to continuing our growth," said Morwenna Howell, managing director at Howden.