Howden accelerates its presence in Asia with the acquisition of Storfield Insurance Consultants

Strategically strengthening our offering in Asia

Howden, a company featured in the Vintage Altaroc Discovery 2024, recently announced the acquisition of Hong Kong-based Storfield. Founded in 1985 by Tony Lau and led today by CEO Victoria Lau, Storfield has established itself as a leading player in asset protection. The company offers comprehensive insurance solutions covering a wide range of sectors, including racehorse, art, luxury vehicle and yacht insurance, as well as products tailored to the specific needs of SMEs.

Thanks to this acquisition, Howden's workforce now numbers around 200, with a network of 17 offices and 1100 employees across the Asia-Pacific region.

Alfred Sham, CEO of Howden Hong Kong, commented: "The acquisition of Storfield marks a major milestone in the development of our business in Hong Kong. Together, we will become stronger and offer added value to our customers and insurance partners. We look forward to working together to reach new heights."

This acquisition is part of Howden's overall strategy to expand its network in Asia, following its recent entry into the Japanese reinsurance and retail markets, with the launch of Howden Re Japan and the acquisition of Foresight.