"A lot of people knocking" on Howden’s door, says finance chief
“A lot of people knocking” on Howden’s door, says finance chief | Insurance Business Asia
Insurance News
“A lot of people knocking” on Howden’s door, says finance chief
CEO open to welcoming equity investors to help fund transactions
Insurance News
By
Terry Gangcuangco
It’s been revealed that global insurance group Howden is getting attention from investors, and group chief executive David Howden isn’t opposed to the idea of possibly welcoming new stakeholders to back acquisitions.
“That strategy is something that we would definitely be open to,” Howden told Reuters, referring to potential equity investments that could help fund M&A (mergers and acquisitions) transactions.
In the same interview, group chief financial officer Mark Craig said: “We’ve got a lot of people knocking on the door.”
As announced along with its financial results last week, Howden has £1.1 billion at its disposal to further grow the UK-headquartered enterprise.
In 2023, Howden completed 56 acquisitions and welcomed 1,000 new employee shareholders. Globally, the group is manned by around 16,000 people.
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