Howden Acquires Granular Investments to Enhance Credit Risk Capabilities
Deal News | Jun 04, 2025 | Re-Insurance News
Howden, a leading insurance intermediary, has acquired Granular Investments Limited and Granular Investments EU SAS, cementing its position in the European credit risk transfer market. This acquisition bolsters Howden’s service offerings for major financial institutions, particularly in credit risk and capital efficiency. Established in 2019, Granular Investments specializes in the intricate fields of credit risk transfer and capital relief, offering expertise in synthetic securitization. Founders Giuliano Giovannetti and Richard Sullivan will integrate with Howden's team, augmenting its capabilities and extending its market reach. Howden's leadership expressed enthusiasm about this acquisition, highlighting its alignment with their goals of attracting top talent and delivering innovative solutions.
Sectors
- Insurance
- Financial Services
- Risk Management
Geography
- Europe – The acquisition strengthens Howden's position in the European market, and both companies involved operate within Europe.
Industry
- Insurance – Howden is an insurance intermediary, and the acquisition pertains to enhancing insurance-related financial solutions.
- Financial Services – The acquisition is focused on improving credit risk transfer and capital efficiency, services pertinent to financial institutions.
- Risk Management – The transaction highlights capabilities in credit risk management and synthetic securitisation.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Howden | Buyer/Acquirer | Company | An insurance intermediary acquiring Granular to enhance credit risk capabilities. |
| Granular Investments Limited | Target Company | Company | A specialist intermediary in credit risk transfer and capital relief. |
| Giuliano Giovannetti | Founder | Person | Co-founder of Granular Investments, joining Howden post-acquisition. |
| Richard Sullivan | Founder | Person | Co-founder of Granular Investments, integrating into Howden's team. |
| Alessandro Minucci | Head of Financial Institutions, Howden Europe | Person | Commented on the strategic importance of the acquisition. |
| Luigi Sturani | CEO, Howden Europe | Person | Expressed support and the strategic fit of the acquisition. |