Insurance company Howden worth £ 10 billion

An insurance killer group based in London with plans to float within five years has a value of more than £ 10 billion in the shops for stocks of more than £ 10 billion, the managing director The Times said.

The evaluation of the Howden Group, the name of which in its first test game against Australia against Australia against Australia against Australia on the jerseys of the British & Irish Lions, was underpinned by stocks worth £ 300 million in the change of ownership in the last internal range of stocks.

David Howden, 61, co-founder and managing director of the group, said the offer, the price of which was set last year by the company's investment bank consultant, Morgan Stanley, implied a market value for the business of “well over £ 10”.

• Lunch with time: David Howden “If you want to grow, stop complaining and create something.”

He added that employees who own 30 percent of the business were some of the largest supporters. “Last year 1,600 of our employees put out a check to buy shares in this company. This is culture.”

Wowden, which is not connected to the Kitchen group of the same name, has increased dramatically through an aggressive acquisition strategy, which is powered by the output of shares and debts. Last year he reported a turnover of £ 3 billion and EBITDA gains of 922 million GBP. It employs 22,000 people worldwide. It changed its name from Hyperion Insurance in 2020.

The non-employed shareholders include the private equity groups General Atlantic and HG and the Canadian Pension Fund CDPQ. David Howden personally holds a share of 7 percent – now more than £ 700 million on paper.

He said that he had given the turnover through organic growth and acquisition in the next five years and the company “ultimately” listed “ultimately”, but did not say what responsibility would be selected.

The Wowden group would bring a rating of 10 billion pounds into the middle rows of the FTSE 100 and, higher than blue chips such as Centrica, Smith & Neffen and Severn, rank.

Wowden, who received a CBE last month and is for the game in Brisbane, announced that his company sponsored £ 30 a year for sponsorship, including the Lions, which was previously sponsored by HSBC and Standard Chartered.

He said he was proud that his name was on the jersey. “It is my name above the door here and you know that we are still a company guided by founders. It is 31 years later [from the company foundation] But I still feel like a start-up. “