Liverpool broker snapped up
A commercial insurance broker based in Liverpool has been acquired by Howden Broking Group, a global business with 56 offices in 30 countries.
Powell Bateson, which also provides risk management consultancy services, will add to Howden's UK regional footprint.
Powell Bateson has specific expertise in construction and property and has grown considerably over the past four years.
Adrian Colosso, chief executive of Howden, which is part of Hyperion Insurance Group, said: "Throughout our recent international growth, we have always kept a watchful eye on the UK market, waiting for the right partners that can complement and enhance our offering.
"With an exceptionally strong management team, significant strength in risk and safety management and excellent client relationships, Powell Bateson is such a partner. We are very excited about further extending Howden's reach with this acquisition."
Karen Bateson, director of Powell Bateson, said: "With the additional corporate support provided by Howden, we can invest and structure for growth at an accelerated rate in our broking and risk divisions."
Eliot Powell, director of Powell Bateson, added: "We need to position the business today, to take account of the future direction of broking and risk management, acknowledging that the landscape is changing very quickly.
"To continue our success, our clients and prospects require a seamless proposal that combines excellent people, increasing international placement and scale. With Howden, we achieve that position overnight."