Howden snaps up professional indemnity specialist, PYV
Hyperion’s broking subsidiary, Howden Broking Group, has acquired the core broking activity of professional indemnity specialists, PYV.
Howden said that the acquisition would see a significant team and book of business move over to the company.
The purchase will involve the integration of 24 additional staff from PYV bringing Howdens' staff body to 60 in total. The broking group's gross written premium will also jump from £35m to £50m as a result of the deal.
Hyperion's chief executive, David Howden, said: “In line with our group strategy we are actively looking at opportunities in the insurance market that will add value for
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