International insurance broker Howden has announced the launch of its Marine & Energy business in Norway, which is set to be led by WTW’s Frode Lund, who will assume the position from August 1, 2023.
The new initiative is set to drive footprint for Howden within the region, and also represents a significant investment in one of the world’s leading marine and energy markets.
Trading as Howden Norway & Marine Energy AS, the business will form part of the local Howden broking operations, and will also work closely with Howden’s international Marine & Energy Specialty teams.
Lund will join from global brokerage WTW once his contractual obligations have been fulfilled. In his current role, he serves as Executive Director Marine & Energy (Oil & Gas), WTW. Prior to this, he was based in Dubai as its Regional Practice Leader, Marine.
“We are delighted to welcome Frode Lund to Howden Norway and to launch our Marine & Energy offering. Operating in the region for a decade, Howden has grown into a leading onshore energy broker with a significant presence in Oslo and Bergen. The establishment of a Marine & Energy business, led by seasoned industry specialist Frode, will further enhance our current capabilities and provide value-added services, particularly in the fast growing energy transition and renewables sector,” said Anders Kvan, CEO, Howden Norway.
“As part of Howden’s global growth strategy for our Marine & Energy capabilities, establishing a business in Norway was a logical next step. Utilising the significant expertise we possess, and with the support of Frode, we will continue to provide clients with a tailored and high quality experience,” added Daniel Whiteside, Managing Director and Global Head of Marine.
“Howden continues to strengthen its position as one of the leading brokers in Europe, capable of providing scale, expertise and bespoke solutions to clients. The success of our European operations in Marine & Energy highlights the growing need for alternative, on-the-ground solutions and with our ability to attract and retain the best local talent, we continue to build on our ambition to become the broker of choice in Europe,” commented Luigi Sturani, CEO, Howden Europe.
Elsewhere, it was recently reported that Howden has received a regulatory license from the Central Bank of Bahrain to establish operations in the Kingdom.
Additionally, Howden recently announced its acquisition of BWV Versicherungsbroker AG (BWV) in Liechtenstein, as the broker continues to expand across Europe.