International insurance broker Howden has acquired Germany’s Franz Gossler Insurance Group to strengthen its position as a leading sports, film and entertainment broker in Europe.
Franz Gossler Insurance Group was founded in 1970 and is an owner-managed company specializing in the fields of entertainment, film, event and advertising insurance.
The transaction was executed by Howden Germany’s specialty broker, Howden Caninenberg.
The company stated that the acquisition is part of its strategic objective to invest in local specialist skills and position itself as the best choice for national and international clients in the entertainment industry.
Klaus Eisenberger, Managing Director responsible for film at Howden Caninenberg, commented, “Franz Gossler and his team have enjoyed an excellent reputation as professionals in the field of film insurance for decades and are therefore the ideal partner for us.
“Our position as the leading broker for film, television and streaming services in the German-speaking region is thus consolidated. This transaction fits neatly into our growth strategy for the entire European market.”
Franz Gossler Jr, the owner of Franz Gossler Insurance Group, added, “As an owner-managed company.
in its second generation, we have built a successful business for clients in the film and entertainment industry in the DACH region. Now is the time to set the course for the future to better meet the challenges of the client’s world.
“Howden, as an international company with specialist expertise in film and entertainment risks, is the best place for us to continue to grow and deliver for our clients as they face increasingly global needs and simultaneously expand the business from now on.”
Duncan Fraser, Sport and Entertainment Global Practice Leader at Howden, said, “With
Acquiring the Franz Gossler Insurance Group, we have further strengthened our position as one of the leading brokers in the German-speaking region as well as internationally in the sports, film and entertainment sector.
“Clients from the film and streaming sector have a growing need for international solutions and a global network, which we offer through the Howden Global Sport & Entertainment Practice.
“With Franz Gossler, we share an entrepreneurial spirit and client-focused approach. We warmly welcome Franz Gossler and his team to Howden.
The acquisition of Franz Gossler follows Assimovie earlier this year, making Howden the largest TV and film production broking house in Italy.
