Howden says it broke through the £3 billion ($6 billion) revenue level last year, supported by growth in the broking, reinsurance and Dual agency divisions.  

The UK-based company says it achieved a fourth straight year of double-digit organic growth, pursued strategic acquisitions including 28 deals in Europe, and increased its global footprint to 55 countries.

Adjusted revenue grew 23% to £3.01 billion ($6 billion) and consolidated earnings before interest, tax, depreciation and amortisation increased to £922.2 million ($1.84 billion) from £780 million ($1.6 billion). The adjusted consolidated EBITDA margin was little changed at 31%.

A 14% rise in broking organic revenue was driven by retail, speciality and the Europe and Asia-Pacific regions, while a 30% jump in reinsurance reflected a strong performance in treaty business across London and North America, Howden Re programs and binder business, the company says.

Dual’s organic growth of 6% was supported by new-initiative expansion in Europe and Asia-Pacific, primarily in New Zealand, plus North America surety and UK retail business. Dual Australia took over the management of a $50 million professional indemnity portfolio from Allianz.

Howden, led by founder and CEO David Howden, celebrated its 30th anniversary last year. The group’s ownership includes private equity investors and employees.