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Howden to Purchase French Dealer OFRACAR

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Howden, the London-based insurance coverage middleman group, introduced it has entered into an settlement to amass OFRACAR, an impartial brokerage group headquartered in Rouen, thereby increasing its geographical footprint and capabilities to purchasers in north-west France.

Monetary particulars of the transaction weren’t disclosed.

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Based in 1964 by Jean-Pierre Lecomte, OFRACAR is a number one dealer in Normandy, with specialisms in property/casualty, worker profit, motor fleet and transport. With 84 workers in workplaces in Rouen, Rennes and Lyon, OFRACAR serves round 2000 purchasers throughout Normandy and France.

With the acquisition of OFRACAR, Howden France, based in February 2022, now employs 380 individuals in 13 workplaces throughout the nation.

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This transaction follows Howden France’s current acquisitions of economic strains specialist C.R.F. Conseils; motor fleet dealer Théorème; maritime specialist, Seasecure/Guian, and hospitality dealer GTCA – CFC Consultants. Howden mentioned the acquisitions mirror its technique to materially broaden its product providing and to ship extra selection for French purchasers.

“OFRACAR has been recognised as a market chief for a number of a long time, and due to this new acquisition, we’re welcoming a gifted crew and integrating new choices to broaden our experience,” commented Nicolas Aubert, CEO of Howden France.

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“Already current in Normandy with a crew devoted to the maritime sector, we’re underlining our dedication to regional growth by increasing our capabilities and accelerating the supply of Howden’s international specialty experience into native markets for the advantage of native purchasers,” Aubert added.

“We’ve change into a scale operator in each main insurance coverage market in Europe, and we proceed to ship our long-stated ambition to construct the main European dealer for each purchasers and expertise by partnering with the perfect companies,” in keeping with Luigi Sturani, CEO of Howden Europe.

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“Our dedication to shaping the way forward for all our workers has led us to decide on Howden as our subsequent accomplice – a world dealer with an entrepreneurial ethos and bold progress plans in France,” in keeping with Stéphane Lecomte, CEO of OFRACAR.

“I’m thrilled to proceed OFRACAR’s 60-year legacy with our colleagues in Howden France, who share our entrepreneurial spirit and Individuals First tradition. Our unified groups are actually completely positioned to help SMEs and mid-sized firms throughout the Normandy area, all through France, and throughout Europe,” Lecomte added.

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Based in 1994, Howden operates in 55 nations throughout Europe, Africa, Asia, the Center East, Latin America, the US, Australia, and New Zealand, using 17,000 individuals and dealing with $38 billion of premium on behalf of purchasers.

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