Mon, 24 Mar 2025 | BUSINESS SALE
Insurance group Howden Scotland, part of the global insurance intermediary firm, has bought Edinburgh-based SKB Independent Insurance Brokers Limited.
Founded by CEO Satvinder Breeze, SKB provides insurance services to businesses throughout Edinburgh, Scotland, and the UK.
SKB has been rebranded as Howden and will be integrated into the existing Howden Scotland team based in Edinburgh, part of Howden’s ever-expanding network of 200 plus high street branches and office locations across the UK and Ireland. It covers a raft of business sectors from agriculture to aviation, health & care and hospitality.
Howden is the 5th largest employee-owned business in the UK, and one of the largest insurance groups in the world. It has 1.7 million clients, $42 billion premiums under management and 19,000 employees.
Breeze said: “I am really proud of having built SKB and proud of my team. It has been an incredible journey over the past 13 years, with lots of valuable lessons along the way. We succeeded in bringing back the old-fashioned way of doing business and building up long-term personal relationships with our amazing clients.”
Breeze added that it was “therefore only fitting” that the next stage for SKB is to strengthen its client relationships further by partnering with Howden.
“Howden shares our core values of client care and exceptional customer service, and with their group buying power and global presence, it is an exciting time to join the team. I am very much looking forward to the next chapter,” Breeze said.
Kenny Hogg, CEO of Howden Scotland, added: “I am delighted to welcome SKB to Howden Scotland and into our Edinburgh team. As soon as I met Satvinder, it was clear that SKB and Howden had an identical customer service ethos. I am certain that the addition of SKB will further bolster our Howden Scotland business and help us to continue growing and thriving in the coming years.”
Find out more about M&A trends in the insurance sector
An exciting opportunity to acquire a well-established independent financial advisor firm with £125m in funds under management in Wiltshire.
Although profitable, this business has quality personnel who can continue working, leading to a smoother transition post sale.
This firm represents a superb opportunity to establish a hub, with staff and offices already in place.
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