British insurance intermediary Howden has acquired the portfolio of Collegial Insurance Services, a general insurance broker based in Sydney, Australia.
The move is set to complement Howden’s existing presence in the Sydney market and follows a series of strategic acquisitions aimed at bolstering its specialty capabilities across various regions.
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Established in 2015 by Russell Farrington, Collegial has developed a diverse client portfolio, catering to both listed corporates and SME businesses.
Howden Pacific CEO Matt Bacon said: “We are honoured that Russell has chosen to trust Howden with his clients’ needs. We are very proud to be part of the next chapter in their journey.
“Russell has had a very successful history in the Sydney insurance market and has demonstrated an ongoing commitment to client service. We see many future opportunities for Collegial’s clients to access key broking talent and leading insurance solutions.”
Collegial Insurance Services director Russell Farrington said: “After nine years of running Collegial, the decision to join Howden was a significant decision for me. In the end I felt that Howden was culturally aligned with the high service standards and exceptional outcomes I have provided to my clients. Becoming part of Howden also creates opportunities to access worldwide solutions for the long-term benefit of our clients.”
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By GlobalDataThis acquisition by Howden is in line with its January announcement of acquiring Silks Insurance, an Australian broker specialising in the bloodstock market.
Silks Insurance, established in 2020, provides a suite of equine industry solutions including insurance for broodmares, foals, racehorses, stallions, weanlings and yearlings.
Earlier this month, Dual UK, an insurance underwriter owned by Howden, announced the acquisition of managing general agent International Passenger Protection.
Last month, Howden also made a move in the UK by acquiring health and life insurance broker Help Me Compare Group (ActiveQuote) and its subsidiary (HMCGL).
This acquisition is expected to strengthen Howden’s position in the UK health insurance broker market, serving a broad client base from individual consumers to multinational corporations.
