Howden, the global insurance intermediary group, today announce
s the acquisition of Granular Investments Limited and Granular Investm
ents EU SAS. This transaction strengthens Howden’s credit risk tr
ansfer capabilities in Europe and enhances Howden’s product offer
ings for large financial institutions.
Founded in 2019 by Giuliano Giovannetti and Richard Sullivan, Gr
anular Investments is an intermediary and advisor in credit risk transfer and capital relief, specializing in synthetic
securitization and single-name credit risk solutions for banks and insurers.
This transaction strengthens Howden’s presence in the credit risk tra
nsfer space in Europe, for the benefit of banks, insurers and the wider economy.
Howden said Giovannetti and Sullivan will work closely with the glob
al credit and political risk team and capabilities within Howden CAP.
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“Their decades of experience working with banks and insurers as peers, combined with their deep regulatory exper
tise and strong track record, will be instrumental in broadening insurer participation in the credit risk-sharing market al
ngside banks and funds – to the benefit of the real economy,” said Alessandro Minucci, head of financial institutions, H
owden Europe.
, said: “I am delighted to welcome Giuliano and Richard to Howden. Their decades of experience working with banks
and insurers as peers, combined with their deep regulatory expertise and strong track record, will be instrumental in broaden
ing insurer participation in the credit risk-sharing market alongside banks and funds – to the benefit of the real economy.”