Hudson Sky has established itself as a leading aviation re/insurance broker in the Swiss market, particularly focused on helicopter business.
Howden has announced it has bought Swiss aviation insurance broker Hudson Sky International.
The broker said the acquisition would secure the London market group’s position in the aviation insurance sector in Switzerland.
Hudson Sky has established itself as a leading aviation re/insurance broker in the Swiss market, with its core focus on the helicopter segment, and servicing a range of clients on a global scale.
The acquisition is part of Howden’s wider strategy to become a leader in its chosen specialty markets, such as aviation, the intermediary said, for Swiss and international clients.
This announcement follows the news of the two new hires to the London aviation team, Steven Crook and Wayne Hawkins, as the business drives further growth into the airline and aerospace sectors.
“For us, this acquisition was an important and strategic step for Hudson Sky as we assessed our long-term development plan in an increasingly complex global market,” said Martin Accola, managing director, Hudson Sky.
“Our clients will benefit from Howden’s industry wide expertise, placement and networking services, in addition to the usual personal service of our experienced team.,” Accola added.
Hans-Jörg Blumer, managing director, aviation, Howden Switzerland, said: “We have seen a considerable increase in demand for specialised advisory services in the aviation sphere and this acquisition is a vital step as we become market leaders in this space. Hudson Sky holds extensive sector experience and this will be essential as we meet growing client demand in the region.”
Felix Jenny, CEO, Howden Switzerland, added: “Hudson Sky will bring an additional strength to our operations in Switzerland. It reflects our commitment to providing our clients with best-in-class solutions and the combination of Hudson Sky and our existing capabilities will enhance our aviation offering significantly.”