Devonshire’s international transactional risk roadshow continues! After the success of our visit to Mumbai, the Devonshire Goes Global series continued in early June with a trip to one of Europe’s most sophisticated financial hubs: Stockholm. Founders James Fletcher and Charles Turnham travelled to the Swedish capital to visit brokers and further deepen Devonshire Underwriting’s presence in the Nordic M&A market – a region that continues to show both resilience and opportunity.
As a European-licensed MGA, Devonshire has seen significant growth across the continent. The Nordics, in particular, stand out as a key strategic region. Not only is the Devonshire proposition well established there, especially on the tax side, but the strength and sophistication of local deals make it one of the most compelling and competitive markets to operate in.
Nordic M&A activity has rebounded impressively, with 2024 seeing deal value across the region reach €26 billion, representing a 25% increase from the previous year. While still slightly below long-term averages, the volume and quality of deals – especially cross-border transactions – continue to reflect the strength and transparency of the Nordic deal-making environment.
Cross-border Deals Dominate
In fact, nearly 60% of deals across the Nordics are cross-border, making it an ideal fit for Devonshire’s European capabilities. The region’s buyers and sellers are known for being informed, diligent, and highly selective, meaning there’s little room for generic, one-size-fits-all insurance solutions. Devonshire’s ability to underwrite complex transactions with speed and precision has already resulted in multiple successful deals in this space, particularly in Sweden, Norway, and Denmark.
Speaking after the trip, Charles Turnham noted: “The Nordic market is extremely well-informed and selective. They know what they want, and they look for partners who can deliver with precision and speed. Our experience of operating in Europe so far, made for great conversations and some very promising opportunities.”
James Fletcher added: “We see the Nordics as an important market for Devonshire, and this trip confirmed why. There’s a real appetite for well-structured M&A insurance solutions, and we’re proud to be part of that deal-making ecosystem.”
Stay tuned for the next chapter in Devonshire Goes Global, as we continue to meet clients, forge connections, and grow our reach across the world’s most dynamic M&A markets.
