Worldwide insurance coverage middleman Howden has introduced the acquisition of Media Insurance coverage Brokers (MIB) for an undisclosed sum.
The acquired firm is an unbiased movie and tv dealer with workplaces in Dublin, Glasgow and London.
With the acquisition of MIB, Howden hopes to bolster its presence within the movie and tv broking market.
MIB has been in enterprise since 1990 and supplies specialised insurance coverage options to the leisure, media, music, and occasions industries.
It’s mentioned to have robust connections with quite a lot of main media patrons, broadcasters, and unbiased manufacturing companies.
The MIB deal offers Howden’s Sport and Leisure apply a considerable foothold in Europe.
It follows the current purchases of Franz Gossler Insurance coverage Group, a movie and leisure insurance coverage dealer in Germany; and Assimovie, an Italian tv and movie broking home.
Howden sport and leisure international apply chief Duncan Fraser mentioned: “MIB’s established relationships and deep business information, with many main shoppers within the movie, tv, music and dwell occasions sectors, presents us with a major alternative to develop our enterprise.
“Acquisitions like this can empower Howden to satisfy the rising calls for of our leisure and media sector shoppers as they proceed to bounce again from the disruptions of Covid.”
MIB managing director Richard Moore mentioned: “The staff at MIB has labored laborious for a few years to ascertain a first-class model inside our sector which stands for wonderful service and product information for all our shoppers.
“This acquisition by Howden means we will proceed on this path as a part of a a lot bigger group and with all the advantages that it brings.”
