Préverenges/Zug, 2 December 2024 - Howden, the global insurance brokerage group, is acquiring Perennial SA, a company based near Lausanne and in Fribourg. The deal provides Howden with a new regional hub in French-speaking Switzerland.

The acquisition of Perennial SA marks Howden's expansion into French-speaking Switzerland. Perennial was founded 20 years ago and has sites in Préverenges near Lausanne and in Fribourg. With the takeover of this specialist team, Howden is creating a new hub in French-speaking Switzerland through strong management.

Perennial, founded in 2005 by Sacha Baumli, focuses on corporate insurance business, with an emphasis on personal insurance, occupational pension solutions, and absence management.

Sacha Baumli, currently a Partner and member of the Board of Directors of Perennial SA, will assume the future management and development of the Suisse Romande region for Howden and will remain Chairman of the Board of Directors of Perennial SA. Cédric Gomez, also a Partner and member of the Board, will in future be responsible for Howden's Affinity business in French-speaking Switzerland. As a result of the acquisition, Mr. Baumli and Mr. Gomez become joint shareholders of Howden Groupe.

"Howden and Perennial share strong common values. Coming under the global Howden umbrella gives us access to specialist knowledge, international markets, and the Howden One global network. Together with Howden, we will continue to develop our services and strengthen our presence in French-speaking Switzerland," said Sacha Baumli, Howden's new Managing Director for French-speaking Switzerland.

Felix Jenny, CEO of Howden Switzerland, added: “With the acquisition of Perennial SA, we have a fantastic team of specialists joining us in French-speaking Switzerland under the leadership of Sacha and Cédric. This is an important cornerstone in French-speaking Switzerland and an important step in our plan.”

ABOUT HOWDEN

Howden is a leading global insurance group, at the centre of which is employee ownership. Established in 1994, it provides insurance broking, reinsurance broking, and underwriting services and solutions to clients ranging from individuals to the largest multinational corporations.

The group operates in 55 countries across Europe, Africa, Asia, the Middle East, Latin America, the United States, Australia, and New Zealand. It employs 19,000 people and handles $42 billion in premiums on behalf of its customers.

For more information, please visit : www.howdengroup.com/ch-fr