Howden Said in Talks to Buy Insurance Broker Risk Strategies (1)

Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter.

The talks to acquire Risk Strategies, which is ultimately backed by private equity firm Kelso & Co., are ongoing and there is no certainty a transaction will be completed, the people said, who requested anonymity to discuss confidential information.

Insurance group Howden has long been considered a likely candidate for an initial public offering. It is owned by 5,200 employee-shareholders, private equity firms General Atlantic and HgCapital, Caisse de Dépôt et ...