Forbes: Howden Acquires Forbes Insurance, Securing Strategic Expansion
Deal News | Mar 12, 2025 | PDT Solicitors
Forbes Insurance Limited, a Leicester-based commercial lines insurance broker, has been acquired by Howden UK&I Holdings Limited. The transaction was advised by Lowri Jones, a partner at Cripps, who has extensive experience in insurance mergers and acquisitions. Forbes Insurance, known for its specialization in niche insurance lines including aviation, represents a strategic acquisition for Howden, enhancing their portfolio. The familiarity of Cripps with Howden's acquisition approach facilitated a smooth transaction. This acquisition ensures that Forbes Insurance is well-positioned for future growth within Howden's network.
Sectors
- Insurance
- Mergers and Acquisitions
Geography
- United Kingdom – The companies involved in the transaction, Forbes Insurance Limited and Howden UK&I Holdings Limited, are based in the United Kingdom.
Industry
- Insurance – This industry is relevant because the article discusses the acquisition of an insurance broker, Forbes Insurance Limited, by Howden UK&I Holdings Limited.
- Mergers and Acquisitions – This is pertinent to the transaction nature of the article where Cripps advised on the sale of Forbes Insurance Limited to Howden UK&I Holdings Limited.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Forbes Insurance Limited | Target | Company | A Leicester-based commercial lines insurance broker specializing in niche insurance lines. |
| Terence Moyes | Selling Company | Person | The sole shareholder of Forbes Insurance Limited. |
| Howden UK&I Holdings Limited | Bidding Company | Company | A company acquiring Forbes Insurance Limited, seeking to expand in the insurance sector. |
| Cripps | Legal Advisor | Company | A legal advisory firm that advised on the sale of Forbes Insurance Limited to Howden. |
| Lowri Jones | Legal Advisor | Person | Head of the Cripps Insurance M&A team and advisor for the transaction. |