Howden acquires Forbes Insurance and Hill Aviation

Global insurance and reinsurance broker Howden has announced the acquisition of aviation specialists Forbes Insurance Limited, and the acquisition of the book of business from Hill Aviation Insurance Services Limited.

Forbes Insurance and Hill Aviation will be rebranded as Howden and will form a new specialist retail Aviation division within Howden UK&I.

The team will also establish a new Howden Leicester office as part of its ever-expanding network of 200+ high street branches and office locations across the UK and Ireland.

Independent general insurance broker Forbes, founded by CEO Terry Moyes and based in Leicestershire, offers commercial and private client insurances through the UK.

It also specialises in insurance solutions for aviation clubs, airfield operators, aircraft maintenance businesses, aviation product suppliers and manufacturers, fixed wing and rotary wing aircraft, gliders and motorgliders.

Moyes, who will lead Howden’s new Aviation team and the new Leicester office, commented: “The time was right to provide our clients and employees with greater access to resources, enabling the business to continue to grow.

“The Howden culture is very attractive, and the company is still run by the founder and is 30% employee-owned which means that, despite its size, clients are still the most important thing. Forming a successful new Aviation division and a new Howden Leicester office for general insurance business is a challenge that the team and I are really looking forward to.”

Hill Aviation is a North Yorkshire based general aviation insurance broker established by Steve Hill in 1991. Hill will soon retire from the industry after a lengthy and successful career within aviation insurance, the firm noted.

Jim Stevenson, Regional Managing Director for the Midlands within Howden UK&I’s Commercial division, said: “I’m delighted to welcome Terry and the Forbes team to strengthen our East Midlands presence, and we look forward to extending our retail specialisms into aviation for commercial and private clients throughout the UK.

“After a short period where he will be working with us on a consultancy basis, we wish Steve a happy and well-earned retirement. Steve knows the Forbes team are the best in the market to carry on looking after his clients to the high standards he set, and Terry and our Leicester team will ensure his former clients are in safe hands.”

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