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02 December 2020

Charles Russell Speechlys advises the owners of Safeonline LLP on its sale to Howden Broking Group Limited

Charles Russell Speechlys have advised the owners of specialist cyber and tech insurance broker, Safeonline LLP, on its sale to Howden Broking Group Limited.

Safeonline LLP has a proprietary insurtech platform, iQ, which will offer the capability to provide “on the ground” cyber insurance capability throughout the Howden office network globally. This online portal provides capacity for SME retail customers and represents a highly complementary distribution model for Howden Broking Group Limited.

Howden Broking Group Limited is a global provider of insurance services, offering reinsurance policies for companies, individuals, and professionals in a variety of industries.

Speaking of the deal, Hamish Perry commented: “We are delighted to have advised the owners of Safeonline LLP on this transaction. We were able to help navigate the legal complexities of the deal with a multi-disciplinary team across our Corporate, Corporate Tax, Employment and FS Regulatory groups of FS sector experts. We look forward to seeing how Safeonline’s offering helps to propel growth for Howden.”

The Charles Russell Speechlys team was led by Corporate Partner Hamish Perry, included Corporate Associates Nathan Lightman and James Scott, and supported by Robert Birchall and Andrew Priestley (Tax), Sophie Lockwood (Employment) and Jessica Arrol (Financial Services).