H.W. International B.V. Embarks on New Chapter with Management Buyout
Global insurance broker H.W. International B.V. (HWI BV) has successfully completed a management buyout (MBO), receiving substantial backing from OBL Investments BV. This strategic move follows the sale of its North American, UK, French, and Greek operations over the past year, leading to the acquisition of the group’s Dutch holding company.
With fresh private investment, HWI is poised to enhance its presence across its Australian, German, Portuguese, and Spanish offices. The company is also exploring new opportunities in mergers and acquisitions (M&A) and considering an expansion of its MGA platform, NuVu. A brand refresh is slated for later this year, aiming for a uniform identity across all territories.
The revamped business will be spearheaded by current Managing Director Juan Alberto Garcia, who steps into the role of Global Chief Executive Officer. The announcement confirms that all local managers, along with senior and associate directors, are supportive of the MBO and will continue their roles within the organization.
Garcia expressed his excitement, stating, “This is a pivotal moment for HWI BV and our leadership team. The new funding empowers us to expand our existing offices, bolster our support services, capabilities, and technology in Europe and beyond.”
He further added, “With the ongoing demand for independent broking and a robust MGA sector, we foresee ample opportunities as a nimble, privately-owned broker, alongside our MGA platform that deeply understands what entrepreneurial brokers and underwriters require for success.”
Looking ahead, Garcia highlighted, “While the MBO strengthens our financial position to broaden and enhance our market offering, the 2024 consolidation period allows us to deliver a clear message to clients and partners globally about our identity. This is a chance to refine our focus, maintain agility, and reinforce what matters most to our clients: expert advice, global reach, and trusted relationships.”
Investor and new owner Maurits Kleingeld remarked, “In my capacity as the new owner of HWI, my mission is to preserve its independence and core values. I hold great respect for the company’s legacy and have absolute confidence in Juan and the leadership team to carry forward the journey and entrepreneurial vision laid down by my late godfather, Hugh Wood, a truly inspirational figure.”
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