Storfield Enhances Howden's Asia Presence Through Hong Kong Acquisition

Howden, a prominent London-based insurance intermediary group, has strategically expanded its presence in Asia by acquiring Storfield Insurance Consultants Ltd., a distinguished specialist in general insurance for SMEs and high-net-worth clients in Hong Kong. Established in 1985 by Tony Lau, Storfield is renowned for its comprehensive suite of asset protection services, which include insurance solutions for fine art, luxury vehicles, and yachts, as well as bloodstock insurance. The acquisition, for which financial specifics remain undisclosed, aligns with Howden's broader strategy to augment its Asian footprint and leverage global capabilities to benefit local markets. This move is part of Howden's ongoing efforts to pioneer growth in the region, following recent ventures into the Japanese market with Howden Re Japan. Post-acquisition, Howden Hong Kong will bolster its workforce to approximately 200 employees. Leaders from both Howden and Storfield express optimism about the merger's potential to create enhanced value for their clientele and insurance partners.