Howden has acquired Help Me Compare Group Ltd (ActiveQuote) and its subsidiaries for an undisclosed sum.
Howden said the acquisition enhances its presence in the consumer insurance sector and reflects its broader strategy to expand its employee benefits’ capability to meet growing client demand.
HMCGL, launched in 2009 by Richard Theodossiades, employs 132 people at its Cardiff Bay head office, managing premiums totalling approximately £60m.
This latest acquisition follows another purchase in the employee benefits market – AGEO Group – a major employee benefit provider in France. That deal increased Howden Employee Benefits global team to more than 2,500 employees in 38 countries.
Last year over in Italy, Howden acquired Wide Care Services and closer to home, rebranded 2022 acquisitions Aston Lark and A-Plan to the Howden name.
It is currently unclear whether ActiveQuote will rebranded.
Mike Dalby, managing director, UK consumer life and health, (pictured) said: “This acquisition comes at a crucial time.
“Over the past 12 months, we’ve seen a 46% surge in interest from individuals seeking private medical insurance to speed up their access to diagnosis and treatment.
“By bringing HMCGL (ActiveQuote) into our fold, we are perfectly positioned to meet this growing demand.”
Glenn Thomas, CEO and global practice leader of Howden Employee Benefits, said: “HMCGL (ActiveQuote) are a well-respected group with strong expertise, an outstanding reputation, and a great team that we have known for a long time.
“We are therefore delighted to welcome CEO Rob Saunders, and their highly experienced team into Howden. This acquisition reflects our ambition to grow the UK consumer health insurance market under Mike’s leadership.”
Rob Saunders, CEO of HMCGL (ActiveQuote), added: “After 15 years of independence, growth, and development, becoming part of Howden is a significant step in our growth journey – both for our people and our clients.
“Howden was the only company we wanted to join and together we will provide enhanced solutions for our clients.”