International insurance broker Howden Announced the acquisition of Foram Brokerage, an independent insurance and reinsurance broker based in Bermuda. According to Howden, the acquisition confirmed its commitment to the Bermuda market and provided clients with access to a team of experts wholly made up of Bermuda citizens.
Foram provides professional brokerage services for casualties, energy, professional lines, construction, product recalls, real estate and healthcare lines to US Fortune 100 clients who primarily need access to the Bermudian market.
Paul Redgate, Vice Chairman of the Hoden Specialty, said: “This acquisition is a leader in the world-leading reinsurance market, investing in island expertise to strengthen client offerings by providing clients with a significant field presence in Bermuda. By building, we emphasize Howden’s commitment to the Bermuda market. “
Robert Stubbs, President of Foram, said: “In Horden, we have found a place to share our values, which allows us to grow and continue to focus on client-centricity and innovation known in the Bermuda market.”
Howden raid for Bermuda brokers
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