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The brokerage will be led by CEO Priscila Conduta and VP Felipe Conduta. -
The subsidiary generated 2023 gross revenue of $34mn and adjusted Ebitda of ~$5mn.
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Ryan entered into a £200mn currency forward to manage the appreciation risk of the Castel deal.
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The deals completed in 2023 represented over $140mn of annual historic revenue, Ryan said.
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Organic growth was fueled by personal lines, which gained a record 10.3%.
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The firm is investing in the next stages of growth and enhancing operations.
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The end of the waiting period effectively clears the path to close in the US.
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The firm will have more flexibility around talent compensation and M&A activity.
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Howden acquired a majority interest in Mexico’s Adrisa in 2020 and Grupo Ordas in 2017.
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Peter Kestenbaum has nearly 20 years of industry experience, particularly in E&S.
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