Insurance and reinsurance brokerage group Howden has agreed to acquire Atlantic Global Risk LLC, an independently traded liability insurance brokerage based in New York, US.
Since its founding in 2017, Atlantic Group has rapidly expanded to become a top five broker in the North American responsible trading market.
With a team of over 110 experts, the company has developed a platform that serves clients in the United States, Canada and Latin America.
Atlantic Group provides solutions in four core business areas: representations and warranties insurance; tax liability insurance; contingency insurance; and credit risk insurance.
The acquisition will help accelerate Howden’s retail expansion in the United States and strengthen its global market leadership. The merger will build on the arrival of hundreds of talented industry experts since August across multiple practice areas and cities across the United States.
With the merger, Atlantic Group’s founders will become key players and drivers of Howden’s U.S. retail brokerage growth and global trading liability strategy
Their commitment is further strengthened by becoming Howden shareholders, demonstrating their strong belief in the company’s equity story and highlighting the important strategic and cultural alignment between the two organisations.
They will also become Howden shareholders, reinforcing their belief in the Howden equity story and demonstrating strong strategic and cultural alignment between the two businesses.
David Howden, founder and CEO of Howden, said: “Howden’s growth is driven by attracting the industry’s most talented and entrepreneurial people and then enabling them to deliver exceptional expertise and service to clients. The addition of Atlantic Group is another strong example of this talent-centric approach.
“In just a few years, Atlantic has become one of the top five brokers in its space and has a strong reputation. The team shares our DNA and passion for clients, and the founders – Richard, Joe and David – have chosen to reinvest the majority of their equity and join us on our journey to build a company like no other.”
He added: “By combining our leadership in international transactional liability with Atlantic Group’s deep US expertise, we are creating a global powerhouse that will provide significant opportunities to support the world’s leading private equity firms and their portfolio companies. This is a cornerstone acquisition for Howden in the US, allowing us to provide even greater expertise and superior service to our clients.”
The transaction has been approved by the boards of directors of both companies and is subject to customary closing conditions. The transaction is expected to close in the first quarter of 2026.
Mike Parrish, CEO of Howden US, commented: “This is a transformative partnership for several key reasons. First, unparalleled talent and expertise. Large-scale M&A would not happen without transaction liability insurance, and the Atlantic team understands this space like no one else. Second, breadth, depth and access. We are uniting the largest transaction liability broker outside the United States with a preeminent transaction liability team in a global center for M&A and private equity.”
“Third, cultural alignment. Atlantic’s ambitious, client-first culture is a perfect match for ours. They thrive in a competitive, complex deal environment, building coverage around clients rather than products. That’s how we work at Howden. I’m excited to welcome David, Joe, Richard and everyone at Atlantic to Howden and our growing, dynamic U.S. team.”
David Haigh, founding partner of Atlantic Group, added: “This is an exciting next step in our journey and we are delighted to rejoin the platform that launched our careers in this sector. This agreement brings together two completely client-focused organizations that pride themselves on a distinctively thoughtful and collaborative approach that ensures clients receive best-in-class expertise and solutions.”
“By combining our Transaction Liability practice with Howden’s existing capabilities, global reach and resources, our clients will now benefit from a broader product offering, access to more like-minded experts and the ability to serve in more geographies than I can name. We look forward to testing the power of this collective and seeing what we can bring to clients and the insurance market in the future.”
