Howden Group, a prominent insurance intermediary based in London, has recently announced the acquisition of Innova Re, a leading independent reinsurance broker located in Lima, Peru. The deal, which marks a significant milestone for Howden, will bolster its presence in the Peruvian market and enhance its reinsurance capabilities.
Innova Re, founded in 2017 by Juan Diego Cadarso, has quickly established itself as a key player in the reinsurance sector in Peru. With a strong track record of providing innovative solutions and exceptional service to clients, the company has earned a stellar reputation within the industry.
The acquisition of Innova Re aligns with Howden’s strategic vision of expanding its international footprint and strengthening its position in key markets. By integrating Innova Re into its operations, Howden Re, the group’s reinsurance arm, will be able to offer a broader range of services and expertise to clients in Peru and beyond.
While the financial details of the transaction have not been disclosed, industry experts believe that this move will have a positive impact on Howden’s growth trajectory and market competitiveness. By leveraging the local knowledge and expertise of the team at Innova Re, Howden aims to enhance its service offerings and deliver greater value to its clients.
Overall, the acquisition of Innova Re represents a strategic investment for Howden Group as it continues to expand its global presence and strengthen its position as a leading player in the insurance and reinsurance industry.
References:
– News Archives – Insurance Journal
– ReinsuranceNe.ws
