Global insurance intermediary group Howden has announced the acquisition of Storfield Insurance Consultants Ltd, a provider of general insurance services for small-to-medium-sized enterprises (SMEs) and high-net-worth clients.

This acquisition is part of Howden’s strategy to strengthen its presence in Hong Kong and expand its footprint across Asia.

Alfred Sham, CEO of Howden Hong Kong, described the acquisition as a significant milestone for the company’s growth in the region. "By combining our strengths, we not only enhance our capabilities but also create additional value for our clients and insurer partners. We are excited to work together and reach new heights," said Sham.

Storfield Insurance Consultants, established in 1985 by Tony Lau and led by CEO Victoria Lau, has built a strong reputation for providing general Howden insurance to small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients. The company’s expertise spans a wide range of areas, including bloodstock, fine art, luxury vehicles, yacht insurance, and tailored solutions for SMEs.

Victoria Lau commented that Howden was a natural fit for Storfield’s next phase of growth. "We are confident that combining our local expertise with Howden’s global capabilities will allow us to better serve our clients," said Lau.

With the acquisition complete, Howden Hong Kong’s total workforce has grown to around 200, with 17 offices and 1,100 employees across Asia. This expansion highlights Howden’s strategy of leveraging its global resources to deliver enhanced value to clients in local markets.

"This latest development is yet another step in Howden’s broader strategy to expand its presence across Asia. It follows the company’s recent entry into the Japanese reinsurance and retail markets, including the launch of Howden Re Japan, a strategic partnership with Keystone ILS, and the acquisition of Foresight," said Chye Huat Goh, Howden's Regional CEO for Asia.