Howden strengthens its presence in Italy with the acquisition of Tower S.p.A.

News

Published

21 January 2022

21 January 2022, Milan – Howden, the international insurance broker, announced today a further step in the execution of its strategy to position itself among the top players in the Italian market with the acquisition of Tower S.p.A., a Vicenza based specialist insurance broker and risk consulting company. This follows the acquisition of the highly regarded Andrea Scagliarini S.p.A last July, and reinforces Howden’s commitment to bring an alternative choice to clients.

Established 34 years ago, Tower boasts unrivalled experience in the jewellery sector, a typical activity of the Vicenza district in the North-eastern region of Italy, as well as in financial institutions.

Guido Mocellin, Founder and Chairman of the Board, Tower S.p.A said: “We chose to join Howden because we share the same values: it is a People First, employee-owned business where colleagues are empowered to deliver exceptional service. Our clients will benefit from Howden’s expertise and product knowledge, and we will be empowered to represent them in all the countries in which they are present. Howden’s independent spirit will enable us to continue to focus on our clients, which is our strength.”

Luigi Sturani, Regional CEO, Howden, Europe said: “Tower is a company that I have long admired for its specialist expertise. I am honoured that Guido has chosen Howden amongst the many offers from other brokers. This is another great step in our ambition to position ourselves among the top players in the Italian and European market, and Tower will be key in accomplishing our strategy of product specialty and territorial distribution.”