Reinsurance News

HX announces launch of capital markets advisory practice

7th December 2020 - Author: Charlie Wood

HX, the data and analytics division of Howden Group, has announced the launch of a new capital markets advisory practice.

Howden Capital Markets (HCM) will provide Howden clients with further access to investment capital which, alongside traditional insurance capacity, can result in lower risk transfer costs and superior outcomes.

The company’s services are set to include advisory services in respect of mergers and acquisitions, capital raising, restructuring, risk securitisation, yield enhancement solutions and more for re/insurance and risk management clients.

“There is an emerging demand in insurance for a nimbler, alternative adviser who is internationally-focussed, with insights underpinned by technology and analytics,” said David Flandro, Head of HX Analytics.

“With HX’s data-driven IP, HCM will deliver the most impactful solutions available including a full range of risk and capital advisory services for investors and clients. HCM’s purpose is to identify new opportunities and enhance firm value for all stakeholders.”

Mark Shumway, Executive Director and Head of Advisory, HX, added “Product innovation is key in delivering solutions not only for our clients but also for the wider world, as we look to build a more sustainable future.

“A capital markets advisory capability enables us to do more in this space, such as developing risk management solutions for humanitarian aid and sustainable energy projects.”

Elliot Richardson, Chairman, Howden Reinsurance Brokers, noted, “The market is currently the most dislocated it has been in a generation, with rate hardening gathering pace against the backdrop of a global pandemic and industry consolidation.

“We see this as a real opportunity to create solutions for investors, be they insurers, MGAs or insureds, through HCM using our data-led approach via HX.”

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