Howden has agreed to acquire Atlantic Global Risk LLC, adding the transaction liability specialist to its international broking platform.

Founded in 2017, Atlantic Group operates across representations and warranties, tax liability , contingent risk and credit risk insurance, and employs more than 110 people serving clients in the US, Canada and Latin America.

Atlantic Group’s founders will join Howden as shareholders, and will be involved in developing its US retail broking business and global transaction liability strategy.

David Howden, founder and chief executive officer at Howden, said: “Howden’s growth has been driven by attracting the industry’s most talented and entrepreneurial people and then empowering them to deliver exceptional expertise and service to clients. The addition of Atlantic Group is another powerful example of this talent-focused approach. In just a few years, Atlantic has established itself as one of the top five brokers in its field with a fantastic reputation."

David Haigh, founding partner, Atlantic Group, added: “This is an exciting next step in our journey, and we’re delighted to be rejoining the platform that launched our careers in this space. This agreement unites two organisations that are entirely client-centric and who pride themselves on being thoughtful, like no other, and with collaborative approaches that ensure clients get best-in-class expertise and solutions."

The transaction has been approved by the boards of directors of both companies and is subject to customary closing conditions.

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