Howden opens office in Oman
MUSCAT: Howden, part of the Hyperion Insurance Group, welcomed insurers and other strategic partners to the Crowne Plaza in Muscat recently to celebrate the opening of its Oman office.
Howden’s regional senior leadership team who shared growth plans and investment in the Turkey, Middle East & Africa (TMEA) region, attended the event. Over 75 people from across Oman, as well as India, the UAE and the UK attended the event, which was hosted by David Howden, CEO of Hyperion and Howden; Salim Saad Bahwan, chairman, Howden Oman; Rajiv Arora, CEO, Howden Oman; and AtincYilmaz, Regional CEO TMEA, Howden.
Howden is the international retail broking arm of Hyperion, a global insurance group with employee ownership at its heart. It is the world’s largest independently owned retail network outside of US. Howden and its broker network, Howden One, deliver specialist solutions to clients across 82 territories globally, and control over $13 billion of premium.
Across the TMEA region, Howden has 12 offices and operates in 12 territories with over 250 professionals. In August 2017, Howden completed the majority acquisition of New Generation Insurance Services Company, owned by a large and growing business house in Oman.
David Howden said, “Our goal is simple: to build strong local broking businesses, which are able to leverage our international capabilities, enabling us to deliver excellent solutions for our clients. We have had a presence in this region for over 10 years and this opening in Oman reinforces our commitment to the region. I’m looking forward to developing our offering in Oman by attracting the very best talent in the market to deliver best-in-class service to our clients.”
Saad Bahwan said, “We are delighted to partner with Howden in Oman. There is a great opportunity for professional insurance companies to bring best global practices to our local market.”
Arora added, “The newly formed company will build on the strong relationships with our local partner. Howden’s technical expertise and reputation will help to further establish our business in Oman. Initially, we will focus on the SME and large commercial and corporate clients, and we believe Oman also presents a significant opportunity to grow in health insurance.”