Howden acquires SPF Private Clients

Insurance broker Howden has announced the acquisition of SPF Private Clients, subject to regulatory approval, in a deal which it says extends its offering to the mortgage broking market while enhancing its existing general insurance and wealth management service.

The firm adds that the acquisition further develops the offering of its 110 high street branches, currently branded as A-Plan, and provides clients with better access to high-quality and personal advice. Last year, Howden announced its acquisition of Aston Lark. SPF will join Howden’s UK & Ireland business with Mark Harris remaining as CEO.

Mark Harris, CEO, SPF said: “SPF and Howden are highly complementary businesses that focus on providing the best solutions to our clients while always putting our people first. SPF will benefit from the significant opportunities that being part of Howden will deliver, with a big drive into offering our debt product lines across the group. We will carry on doing what we do best, ultimately enabling us to develop products to best serve our clients while allowing our talent to flourish.”

SPF was formed in 2011 after a management buyout and rebrand of Savills Private Finance, the financial arm of Savills plc, before Cabot Square Capital acquired a majority stake in the business in 2018. SPF is a financial services intermediary specialising in residential and commercial mortgage broking, commercial real estate insurance, high net worth personal lines insurance, property title insurance, life assurance and associated wealth management consulting.

Chris Evans, deputy CEO, Howden Broking Group, added: “Howden and SPF have a long-established trading relationship, so SPF joining the Howden family is a natural next step in our partnership. Its unique qualities will greatly enhance our offering in the region by diversification into complementary product distribution that will further position us as a leader in our home market.”

    Share Story:

YOU MIGHT ALSO LIKE