International insurance broker Howden announces an agreement to acquire Franz Gossler Insurance Group, one of the leading insurance brokers in Germany and beyond specializing in film and entertainment insurance.
The transaction, executed by Howden Germany’s specialist broker Howden Caninenberg, reflects the company’s strategic aim to invest in local expertise and position itself as the go-to for national and international clients in the entertainment industry, including sports, film, television and streaming Excellent choice.
Financial details of the transaction were not released.
Established in 1970, Franz Gossler Insurance Group is a high quality owner-operated company specializing in the entertainment, film, event and advertising insurance sectors.
The acquisition of Franz Gossler follows the acquisition of Assimovie earlier this year and makes Howden Italy’s largest television and film production agency. This marks another important step in Howden’s ambition to become Europe’s leading sports, film and entertainment agent.
“Franz Gossler and his team have built a strong reputation as professionals in the field of film insurance for decades and are therefore the ideal partner for us. This strengthens our position as the leading broker for film, TV and streaming services in the German-speaking region. This transaction fits seamlessly into our growth strategy across the European market,” commented Klaus Eisenberger, Managing Director Thin Films at Howden Caninenberg.
“As a second-generation owner-operated company, we have built highly successful businesses for clients in the film and entertainment industries in the DACH region. Now is the time to set the course for the future to better address our clients’ global challenges,” says Franz Gossler Jr., owner of Franz Gossler Insurance Group.
“Howden, as an international company with expertise in film and entertainment ventures, is the best place for us to continue to grow and serve our clients as they face these increasingly global demands and, from now on, Scale the business together,” Gossler added.
“With the acquisition of Franz Gossler Insurance Group, we have further strengthened our position as one of the leading brokers in the German-speaking region as well as internationally in the sports, film and entertainment sectors,” said Duncan Fraser, Head of Howden Global Practice, Sports and Entertainment.
About Howden Brokers
Howden Broking is a leading independent provider of insurance broking, risk advice and employee benefits advice, headquartered in London with operations in Europe, Asia, Africa, Latin America, Australia, New Zealand and the Middle East. Howden’s reinsurance broking and advisory business, Howden Tiger, operates in Howden’s international network and in the United States.
Howden was established in 1994 and today employs more than 11,500 people worldwide, operating in more than 100 locations.
Source: Howden Brokers
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