International broker completes MBO after selling UK arm

HW International BV (HWI BV) has completed a management buyout (MBO) to enhance its independence, international presence and product offering.

The broker made the move following a year-long restructuring process that saw the sale of its operations in North America, France, Greece and the UK – HWI BV’s UK arm was snapped up by Australian broking network Steadfast Group in November 2024.

Now the MBO is complete, it will invest in developing its offices in Australia, Germany, Portugal, and Spain with a greater focus on M&A to complement its international footprint.

The business is also currently reviewing its brand positioning across all territories, with a refreshed identity to be unveiled later this year.

Moves

The business will be led by the current chief executive Juan Alberto García as global chief executive.

All local managers, executive directors and associates agree to the merger and will remain with the company.

Garcia said: “This is a historic moment for HWI BV and our management team. It provides us with access to new funding that we will use to grow our offices, services, capabilities and technology in Europe and beyond.

“With continued demand from independent brokers and a strong MGA sector, we see significant potential as a flexible, private brokerage alongside our MGA platform, which understands what entrepreneurial brokers and underwriters need to succeed.”