Reinsurance News

Howden completes acquisition of TigerRisk

12th January 2023 - Author: Kane Wells

Howden Group Holdings has completed the acquisition of TigerRisk Partners (now Howden Tiger), with the firm stating, “Together, we are the world’s fourth largest global reinsurance broker.”

Howden also suggested that following the acquisition, it has created the world’s largest programme, MGA and binding authority capability, which it calls Howden Tiger SabRE.

SabRE offers clients a combination of reinsurance, hybrid capital and capital markets advisory, underpinned by data and analytics, and joined with Bowood (part of Howden Group).

Howden said, “This is an exciting moment for us. Tiger shares our passion and relentless drive to deliver, we are excited to achieve great things.

“Together, we will be able to meet the rapidly changing demands of large global clients, domestic and regional insurers, MGAs and reinsurers.”

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The acquisition was originally announced in June last year, at the time representing almost $400 million of combined reinsurance revenues, providing clients with access to 450 experts across over 30 offices.

Later that year, in an interview with Reinsurance News, Howden Group’s Chief Executive Officer (CEO), David Howden, said, “I think it transforms our position in reinsurance. It is the only business out there that could do that.

“TigerRisk has been the standout business and innovator in the reinsurance and capital markets space for many years and the decision to join forces with Howden is a unique opportunity and a game-changer for us and the industry.”

Formed in 2008, TigerRisk established itself as a leading, privately-held reinsurance broker with meaningful capital markets and data analytics capabilities.

Following the announced completion of the acquisition, Howden said that the paring builds on its continued commitment to deliver more choice for clients and act as the natural home for talent looking to work for a company with purpose and a unique culture where they can build a business for the long term.

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