Reinsurance News
Howden
Howden launches Red Sea cargo war risk facility
16th April 2024
Howden, a global insurance intermediary group, has launched a new cargo war risk facility to protect vessels from drone and missile strikes by Yemeni based militia groups in the Red Sea, and strengthen global supply chains. According to the broker, this is the first dedicated insurance coverage of its kind to ... Read the full article
Howden acquires Irish broker Curran Connolly & Company
16th April 2024
Howden, the global insurance intermediary group, has announced the acquisition of Curran Connolly & Company (Drogheda) Ltd, a commercial and personal lines insurance broker based in County Louth, Ireland. With this acquisition, Howden builds its position in the North-East and the wider Irish insurance market. It follows the broker’s recent ... Read the full article
Howden bolsters presence in France with acquisition of brokerage group, OFRACAR
4th April 2024
Global re/insurance broker Howden has entered into an agreement to acquire OFRACAR, an independent brokerage group headquartered in Rouen. Established in 1964 by Jean-Pierre Lecomte, OFRACAR is a broker based in Normandy, that specialises in property & casualty, employee benefit, motor fleet and transport. The company consists of 84 staff in offices ... Read the full article
Howden Tiger renamed Howden Re in alignment with rebranding initiative
3rd April 2024
Howden Tiger, the reinsurance broking arm of Howden, has announced its rebranding to Howden Re, aligning with the company’s broader rebranding initiative launched in October 2023. This initiative aims to unify its global broking operations under the Howden name. As a result, Howden Re will now reflect the company's consolidated ... Read the full article
Howden names Paul Hasib Chief Placement Officer
3rd April 2024
Global re/insurance broker Howden has announced the promotion of Paul Hasib to the newly created role of Chief Placement Officer for the Corporate & Commercial pillar within Howden UK & Ireland, effective April 1, 2024. In his new role, Hasib will have responsibility for delivering greater visibility and accountability to Howden ... Read the full article
Howden raises concerns over reserve deterioration
27th March 2024
Howden, a global re/insurance broker, has outlined concerns regarding reserves stemming from unexpected rises in claims costs and higher inflation. Wolfram Schultz, Head of Casualty for Continental Europe at Howden Tiger, shares his insights on reserving, describing it as “uncertain”. Schultz raises concerns about potential reserve deterioration due to unexpected developments in ... Read the full article
Howden collabs with Cyberwrite to increase cyber resiliency for clients worldwide
18th March 2024
Howden has partnered with cyber insurance technology firm Cyberwrite to increase cyber resiliency for its clients across 50 countries. Founded in 2017, Cyberwrite specialises in providing cyber risk reports, offering brokers the tools to assess the probability of a breach and gauge its potential economic repercussions, as well as tailored recommendations ... Read the full article
Howden acquires specialist performing arts broker Hencilla Canworth
6th March 2024
Howden has acquired Hencilla Canworth GI Ltd, a leading British independent specialist performing arts insurance broker, reportedly adding further scale and product expertise to its Sport and Entertainment division. The addition of Hencilla Canworth follows a series of other recent acquisitions by Howden’s Sport and Entertainment team across Europe, including Read the full article
Aviva & Howden team up to insure solar subscription service start-up
4th March 2024
Aviva, an insurance and financial services company, has partnered up with Howden to provide bespoke insurance to Sunsave, a start-up which offers homeowners solar panels on a subscription service. From what we understand, the insurer and broker worked together with Sunsave to create a bespoke construction and operation cover policy for ... Read the full article
PPL looks to accelerate API adoption with new programme
29th February 2024
Placing Platform Limited (PPL), an electronic trading platform for the London re/insurance market, has launched a broker Early Adoption Programme (EAP), which has a focus on the operationalisation of the platform's API capabilities and reflects the acceleration of market interest in APIs. Currently, PPL is working with eight firms to collaborate on ... Read the full article
Howden acquires Intersure Group to expand presence in Irish market
29th February 2024
Howden has announced the acquisition of Intersure Group Limited, which is set to further strengthen its ability to service the Irish insurance market. Established in 1999 by Noeleen Butterly, Intersure is an owner-managed business based in Drogheda, Co. Louth. The firm reportedly provides clients with technical insurance advice across commercial, business, ... Read the full article
Howden announces new appointment within Surety team
22nd February 2024
Global re/insurance broker Howden has announced new appointments to its Capital, Advisory & Placement’s Surety team, naming Chris Coomans Head of Natural Resources, James Royal Head of Mining and Marc Underwood Trade Finance Lead. All the new appointments are based within Howden’s Surety division. The broker has a long history of ... Read the full article
Howden agrees to acquire captive manager specialist ARM
15th February 2024
Global re/insurance broker Howden has entered the captive management market as it has agreed to acquire ARM Group Holdings Limited (ARM), the parent of Alternative Risk Management. ARM is one of the largest independent insurance managers in Europe and a specialist in the formation and management of insurance captives. According to the ... Read the full article
Howden sees organic growth of 13% as FY23 revenue hits £2.4bn
6th February 2024
Global re/insurance broker, Howden Group Holdings, has announced organic growth of 13%, and a 33% rise in revenue to £2.44 billion for the year ended September 30, 2023. Organic growth of 13% is lower than the previous year of 19%, while revenue increased from the £1.84 billion reported for 2022, as ... Read the full article
Howden names David Shalders as Group COO
5th February 2024
David Shalders is set to join global insurance and reinsurance broking group Howden as its new Chief Operating Officer (COO) once his contractual obligations to his current employer have been discharged. Shalders will join Howden as an executive member of the Howden Group Board and will also join the Global Leadership ... Read the full article