Press release

Hyperion and RKH enter into merger discussions


  • Hyperion
  • 3 minute read
Hyperion logo
  • Newly combined business would form the world’s largest, independent and employee-owned insurance and reinsurance intermediary group.
  • Merger aims to offer clients and employees a unique alternative as industry consolidation continues.

Hyperion Insurance Group Limited (Hyperion) and R K Harrison Holdings Limited (RKH), two leading UK private insurance and reinsurance intermediary companies, today announced that they have entered into exclusive merger discussions. 

The landmark deal would create the largest independent, employee-owned insurance intermediary group in the world, with projected annual revenues approaching £400 million ($640 million) and with close to 3,000 employees in 100 offices across 37 countries.

David Howden, Chief Executive Officer of Hyperion, said:  “Hyperion and RKH are two outstanding entrepreneurial success stories. The combined group will boast an extensive UK and international footprint, a formidable reputation and an extremely complementary business mix with enhanced and diverse service offerings and capabilities.” 

Paul Bridgwater, Chief Executive Officer of RKH, added: "As fundamentals continue to evolve in the insurance market, this merger will significantly strengthen our combined capabilities and geographic representation for the benefit of our clients. Importantly, continuing employee ownership will ensure that we remain the employer of choice for the industry’s most entrepreneurial talent."

The newly merged business will provide the marketplace with a viable, independent alternative, whilst sustaining an entrepreneurial culture and bespoke ethos that is unique in the insurance industry. The business will bring together the strengths of superior specialty lines expertise with extensive geographical reach to provide clients with:

  • The pre-eminent international and UK retail distribution network with projected revenues in excess of £190 million employing approaching 1,900 people serving clients outside of North America;
  • The leading independent speciality lines insurance and reinsurance broker with projected revenues in excess of £135 million and over 550 people in the major hubs of Bermuda, Miami, Singapore and London, where the business will be the fifth largest producer to Lloyd’s;
  • The only global specialist MGA group with combined Gross Written Premiums projected to be over £625 million and over 400 employees, serving more than 3,500 global retail and wholesale brokers, as well as providing a unique distribution platform for its capacity providers.


The combined group would continue to be majority owned by its employees and would benefit from its strategic partnership with General Atlantic, a leading global growth investor, which offers the Group a long-term approach, global resources and expertise in emerging markets, data and technology.

The newly merged company is proposed to be called Hyperion Insurance Group with underlying businesses including Howden, DUAL, RK Harrison and AQUA maintaining their unique brands. The proposed transaction is subject to the customary regulatory and legal approvals and would need to be approved by the shareholders of both organisations in order to proceed.