Global insurer Howden has agreed to purchase Atlantic Global Risk, an independent transaction liability insurance broker headquartered in New York.  

Financial terms of the deal remain undisclosed.  

Founded in 2017, Atlantic Global Risk is ranked among the top five brokers in the transaction liability space in North America. 

It offers a range of services such as representations and warranties insurance, contingent risk insurance, tax liability insurance and credit risk insurance.

The company employs more than 110 people and serves clients across Canada, the US and Latin America. 

Atlantic Global Risk founding partner David Haigh said: “This agreement unites two organisations that are entirely client-centric and who pride themselves on being thoughtful, like no other, and with collaborative approaches that ensure clients get best-in-class expertise and solutions.

“By combining our transaction liability practice with Howden’s existing capabilities, global reach and resources, our clients will now benefit from a broader product offering, access to many more like-minded experts and the ability to be serviced across more geographies than I am capable of naming.”  

This acquisition is part of Howden’s strategy to grow its retail broking presence in the US.  

The integration of Howden, described as the “largest transaction liability insurance broker outside of the US” with Atlantic Global Risk is said to establish a “global leader” in transaction liability. 

The founders of Atlantic Global Risk will continue with the combined company and become shareholders of Howden. 

Completion of the deal is anticipated in the first quarter of 2026, contingent upon the fulfilment of standard closing conditions. 

Howden CEO and founder David Howden commented: “By combining our international transactional liability leadership with Atlantic Group’s deep US expertise, we are creating a global powerhouse, which will open up huge opportunities to support the world’s leading private equity houses and their portfolio companies. This is a cornerstone acquisition for Howden in the US, which allows us to deliver even greater expertise and excellent service to our clients.” 

In September last year, Howden announced the acquisition of Gravitas Insurance Agency, a US-based retail brokerage that specialises in contingency cover for music, sports and live events.