Clyde & Co advises Howden on its acquisition of German broker Northern Lloyd
Press Releases 03 July 2023 03 July 2023
UK & Europe
Clyde & Co has advised Howden, the international insurance broker, on its acquisition of the Bremen-based broker Northern Lloyd, one of the leading marine brokers in Northern Germany.
The acquisition of Northern Lloyd reinforces Howden’s strategy to become a leader for marine business in Germany. By constructing a team with local, specialist expertise, Howden Deutschland is seeking to capitalize growth opportunities in the German marine market and will further expand its global footprint.
Northern Lloyd is an independent marine insurance broker providing ship owners, ships and asset managers with consulting and risks analysis and placement and claims handling services. Northern Lloyd is a licensed Lloyd’s broker with operations in key territories including London, Athens, Limassol and Abu Dhabi.
The Clyde & Co team which advised on the transaction was led by Partner Eva-Maria Barbosa and Senior Associate Adriaan Louw (both Corporate/M&A) and included Associate Dardan Gashi (Insurane Law, all Munich). In addition, Frank Bayer of Frb-tax (Munich) advised on tax issues.