International insurance broker Howden has announced that Naresh Dade has been appointed to lead its construction practice.
Dade, formerly Senior Vice President, Construction, Marsh JLT Specialty, New York will join as Managing Director, Howden Global Construction practice.
Howden expects the appointment to help drive the growth of its global construction capability.
“Our aspiration has been, for some time, to significantly elevate our offering to construction industry clients,” said Paul Redgate, Head of Howden Specialty.
“Against the backdrop of challenging market conditions and diminished broker choice for clients, the time is right for us to be launching a much enhanced global construction capability in response to clear client and market demand.”
Dade also commented: “This is a fantastic opportunity to join a highly ambitious company with an appetite to build a construction practice that will rival anything else in the market.”
“By building on Howden’s already strong foundations with further investment in the very best construction experts, it will provide a compelling retail and specialty proposition,” Dade continued. “It also offers Howden as a natural alternative in a market currently providing limited choice for insureds and limited distribution for insurers.”
Andy Bragoli, CEO, Howden Insurance Brokers Limited, added: “This represents another opportunity to bring our specialty offering closer to clients and offer them industry-leading specialist advice. By patiently and thoughtfully investing in our Construction practice, we are combining the talents of our inhouse team with further expertise from some of the leading practitioners in the market.”
