HW International, a Dutch insurance broker, has successfully completed a management buyout with support from OBL Investments, a private investment firm. While the financial details of this deal remain undisclosed, it marks a significant shift for the company, which has undergone a restructuring process over the past year.
The buyout involves HWI BV, the holding company based in the Netherlands. This restructuring included selling off operations in North America, the UK, France, and Greece. Now, HWI is looking to refresh its brand identity and plans to unveil this new look later this year.
With the backing of OBL Investments, HWI aims to expand its reach, focusing on developing offices in Australia, Germany, Portugal, and Spain. The company is also looking to enhance its mergers and acquisitions strategy to strengthen its international presence. Additionally, HWI is exploring the growth of its MGA platform, NuVu, in Europe and beyond.
Juan Alberto Garcia, the current Managing Director, will take on the role of global CEO. He emphasized the importance of this moment for HWI, noting that it opens doors to new funding to enhance services and technology. Garcia expressed confidence in the company’s potential, highlighting the growing demand from independent brokers and the MGA sector.
Maurits Kleingeld, the founder and investor, shared his commitment to maintaining HWI’s independence and values. He has a deep respect for the company’s legacy, which he plans to honor as the business moves forward.
HWI operates nine offices worldwide and serves clients in over 90 countries, specializing in areas such as fine art, entertainment, property, and casualty insurance. This buyout positions the company to adapt and grow, ensuring it continues to meet the needs of its clients with expert advice and trusted relationships.