Howden says revenue grew 33% to £2.44 billion ($4.71 billion) last financial year as it strengthened its position globally with acquisitions in countries including Australia and New Zealand. 

It also made acquisitions in Britain, France, Austria, Italy, Greece, Germany, Spain, Switzerland, Finland, Cyprus, the US and, post year-end, the Netherlands. The broker entered Liechtenstein last year and, more recently, Peru and Denmark. 

In New Zealand, Howden purchased Apex, while it has also bought Silks Insurance and HQ in Australia to build its equestrian business. 

CEO David Howden says the company celebrates its 30th anniversary this year as the largest privately held global insurance intermediary group outside North America, with 16,000 employees in 50 countries serving clients in retail, specialty and reinsurance broking, capital markets and underwriting. 

“On a foundation of employee ownership, supported by long-term external investors, we have built a business with a difference,” he said. 

Adjusted consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 30% last year to £780 million ($1.5 billion). The EBITDA margin of 31.9% was driven by organic growth and selective acquisitions, Howden says.  

Shareholders contributed more than £1 billion ($1.9 billion) of equity to support investment for growth, while the group raised £1.38 billion ($2.66 billion) of incremental debt while maintaining its rating. 

Howden adopted a single brand name and visual identity during year, which was reflected in sponsorship investments including its partnership with the Victoria Racing Club.