Finance boss reveals ‘lots of people’ knocking on Howden’s door | Insurance business America
CEO is open to receiving investors
Insurance News
By Terry Gangcuangco
It turns out global insurance group Howden is attracting the attention of investors, and chief executive David Howden isn’t opposed to the idea of potentially welcoming new stakeholders to support takeovers.
“We would definitely be open to that strategy,” Howden told Reuters, citing potential capital investments that could help fund M&A (mergers and acquisitions) transactions.
In the same interview, Mark Craig, the group’s chief financial officer, said: “A lot of people are knocking on the door.”
As announced alongside its financial results last week, Howden has £1.1 billion to further expand the UK-headquartered business.
In 2023, Howden completed 56 acquisitions and welcomed 1,000 new employee shareholders. The group consists of around 16,000 employees worldwide.
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2024-02-13 05:30:00
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