NORTH acquires Ensure International Insurance Broker (West)

NORTH (now Howden), which is Denmark's first independent advisory firm in commercial insurance, company pensions, financial procurement, and mortgage credit, has today acquired the insurance broker Ensure International Insurance Broker (West), which offers independent and expert-based advice as well as selection and assessment of suppliers within property insurance for companies in Jutland and Funen. The parties have agreed not to disclose the purchase price.

Ensure International Insurance Broker (West), which is now changing to NORTH, today constitutes one of three business units in Ensure, while the other two, Ensure International Pension Broker and Ensure International Insurance Broker (East), continue under the Ensure brand. Ensure International Insurance Broker (West) is led by the two founders, Eva Madsen and Mogens Rohde, who also established the company Ensure back in 2013. Eva and Mogens are now looking forward to continuing the good development under NORTH (now Howden).

"Ensure International Insurance Broker (Vest) is a well-established and well-run company with deep advisory expertise and long-standing customer relationships. I am pleased that they are now joining the NORTH community, thereby strengthening our market position in Jutland and on Funen. We have been looking to strengthen our presence in western Denmark for some time, as we already have a dozen employees residing in the Aarhus area, and can now kill two birds with one stone in a shared office."  siger Group CEO Lars Gundorph.

The turnover of Ensure International Insurance Broker (West) amounted to 35 million DKK in the latest financial year. Ensure International Insurance Broker (West) serves their customers from two locations in Aarhus and Odense, where the founders Eva Madsen and Mogens Rohde work together with 17 employees and 13 associated partners. The entire organization, including the management, will continue.

"We had a good feeling already when NORTH knocked on the door, and our dialogue also showed that we fit well into their set up and way of approaching customers. There are many opportunities together,"  siger CEO og managing partner Eva Madsen, Ensure International Insurance Broker (Vest). 

Managing partner Mogens Rohde supplerer:  "We now have a wider range of services that we can bring to our customers, especially with new offerings in financial procurement and advice on mortgage loans for both companies and employees."

Both NORTH and Ensure International Insurance Broker (West) are members of the renowned Worldwide Broker Network, ensuring that customers can receive the same high level of service from competent employees across country borders.

NORTH expanded its business significantly last year, with gross profit, which is revenue after expenses, growing by 125% to 174.5 million Danish kroner due to good organic growth and several acquisitions. The primary operating profit increased by 88% to 75.4 million Danish kroner, while the balance sheet grew by 16% to 602 million Danish kroner.

NORTH was established two years ago by bringing together the companies Contea, Jysk Pension, Status, and FinPro with a common ambition to set a new standard for financial advice in the Danish market and create security in companies' decisions through 360-degree risk advisory and widespread use of digital tools. NORTH offers advice to private and public companies either as an independent broker or through a cost-effective agency model based on industry agreements, ensuring smaller companies good deals at attractive prices.

Further information

Group CEO Lars Gundorph,  +45 25 97 20 00 This translates to: +45 25 97 20 00