Howden steps foot into Japan’s retail insurance broking market

It acquired Foresight Holdings.

Global insurance intermediary group, Howden, entered the Japanese retail insurance broking and captive consulting markets with the acquisition of Foresight Holdings.

Takuya Aibe has been appointed chief executive officer of Howden Japan’s retail business. Aibe previously held senior roles at Marsh Japan and was most recently CEO of Gallagher Japan.

Foresight, founded in 2005, offers retail brokerage and captive consulting services. It manages captives for 13 large Japanese corporations and provides management services in Micronesia, Singapore, and Hawaii. 

Headquartered in Tokyo, Foresight employs 17 staff across six offices, with a management team experienced in leading Japanese insurance companies.

This acquisition follows Howden's purchase of ARM Holdings in February, expanding its global captive management to 100 captives. 

Howden entered the Japanese market in July with the launch of Howden Re Japan and a partnership with Keystone ILS.