The acquisition aligns with Howden’s ongoing strategy of strengthening its specialty capabilities through targeted acquisitions.
Collegial Insurance Services, founded in 2015 by Russell Farrington, has built a diverse client portfolio, serving both listed corporations and SMEs. Farrington expressed confidence in the acquisition, saying, “After nine years of running Collegial, the decision to join Howden was a significant decision for me. In the end I felt that Howden was culturally aligned with the high service standards and exceptional outcomes I have provided to my clients. Becoming part of Howden also creates opportunities to access worldwide solutions for the long-term benefit of our clients.”
The move follows Howden’s January acquisition of Silks Insurance, a specialist Australian broker focusing on the bloodstock market. Silks Insurance, founded in 2020, offers a range of equine industry solutions, including insurance for broodmares, racehorses, stallions, and yearlings.
In addition to these Australian acquisitions, Howden continues to expand globally. Earlier this month, its subsidiary Dual UK announced the acquisition of managing general agent International Passenger Protection. Howden also bolstered its UK presence last month by acquiring Help Me Compare Group (ActiveQuote), a health and life insurance broker, further strengthening its position in the UK market.
Howden Pacific CEO Matt Bacon said: “We are honoured that Russell has chosen to trust Howden with his clients’ needs. We are very proud to be part of the next chapter in their journey.
“Russell has had a very successful history in the Sydney insurance market and has demonstrated an ongoing commitment to client service. We see many future opportunities for Collegial’s clients to access key broking talent and leading insurance solutions.”
