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    06-03-2023

    Eversheds Sutherland has advised international insurance broker Howden on its acquisition of Reich Group, one of the UK’s top independent insurance brokers.

    The acquisition of Reich Insurance Group, a £100m+ GWP business which works with clients across the UK, marks one of Howden UK and Ireland’s largest acquisitions to date and is a significant step in its key expansion both in the North West of England and the UK.

    The Eversheds Sutherland team, who advised on every element of the process,  was led by Catherine Eley (Partner, Corporate) and James Finney (Principal Associate, Corporate) closely supported by Ed Forshaw (Corporate Associate).  The wider team comprised  Colin Askew (Partner, Tax), Amanda Smith (Employment Legal Director) and Fiona Bradley (Real estate Principal Associate).

    Catherine Eley, partner, Eversheds Sutherland commented:

    "This acquisition sets up a great partnership between Howden UK & Ireland and Reich Group and we are delighted to have supported our longstanding client on this significant transaction. The acquisition will further the reach of Howden in key areas of specialism including real estate and construction.”

    Peter Blanc, Executive Chairman of Howden UK and Ireland, commented:

    “Catherine and James and the rest of the Eversheds Sutherland team have once again provided us with outstanding service and legal technical excellence - notably, on a transaction which marks the acquisition of one of the largest UK brokers that we have acquired to date. This deal underpins our ongoing expansion ambitions, a journey which Eversheds Sutherland’s knowledge and commercial experience continues to remain important to.”

    Led by Simon Taylor and Danny Lopian, the business offers a full spectrum of insurance solutions for both individuals and businesses, from SMEs to large corporations, with particular specialisms in Property, Construction & Development, as well as Life and Healthcare.

    Both Simon Taylor and Danny Lopian will remain actively involved in the business, with Taylor continuing as chief executive.

    Catherine Eley, Partner

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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