Howden has reached an agreement to acquire Assimovie, the Italian TV, film and advertising insurance broker.
The acquisition will make Howden the largest TV and film production broking house in Italy.
Founded in 2013 by Valeria and Camilla Guglielmotti, Assimovie has a portfolio of film production insurance originating from wholesale broking and direct activity. The business has achieved substantial growth in the past five years, driven by the global increase in demand for TV, film and general content policies.
Duncan Fraser, sport and entertainment global practice leader at Howden, said: “Valeria, Camilla and the team at Assimovie provide the skills and local market expertise that will allow Howden to expand and enhance its Sport and Entertainment offering both in Italy and across Continental Europe. Their specialist and market leading position seamlessly aligns with our strategy for the Italian Sport and Entertainment sector and ambition to capitalise on anticipated growth in the European market more broadly.”
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