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Howden to buy Gravitas Insurance Agency in US
Yahoo Financeยท 2025-09-19 09:08
Core Viewpoint - Howden is acquiring Gravitas Insurance Agency to enhance its capabilities in the Sport & Entertainment sector and expand its presence in the US market [1][2][3] Group 1: Acquisition Details - Howden is set to acquire Gravitas Insurance Agency, a US-based retail brokerage focused on contingency insurance for the entertainment sector [1] - Gravitas was founded in 2022 by John Tomlinson, who previously led entertainment operations at Lockton [1] - Financial details of the transaction have not been disclosed, and the deal is subject to customary closing conditions [3] Group 2: Strategic Importance - The acquisition is part of Howden's broader strategy to expand its Sport & Entertainment capabilities in the US [2] - Howden has made several recent acquisitions in the Sport & Entertainment space globally, including brokers in Germany, the UK, and Spain [2] - Howden's vice-chair emphasized the commitment to creating opportunities through a mix of talent and strategic acquisitions [3] Group 3: Leadership Perspectives - John Tomlinson, founder of Gravitas, highlighted the long-standing partnership with Howden and the potential for enhanced service delivery to clients [4] - The collaboration is expected to strengthen Gravitas's ability to serve the entertainment community effectively [4]