Howden buys majority stake in HQ Insurance
This comes after its recent acquisition of Tyser’s bloodstock broking business.
Global insurance group Howden has acquired a majority stake in HQ Insurance (HQ), a Sydney-based boutique insurance broker specialising in the Australian bloodstock market.
HQ is a bloodstock intermediary, offering a suite of equine industry solutions, covering various aspects of the bloodstock market.
This acquisition aligns with Howden's strategy to be a leading equestrian insurance intermediary in the global insurance market.
The move follows Howden's recent UK acquisition of Tysers' bloodstock broking business and DUAL's acquisitions of Tyser's bloodstock MGA, Galileo, and David Ashby Underwriting.
Howden said the acquisition of HQ strengthens Howden's position in the Pacific bloodstock market and enhances its sports and entertainment specialty offering in the region.