Reinsurance News

Howden

Howden buys Singapore-based AEGIS

12th May 2022

Howden has acquired the business and assets of Singapore-based insurance agency AEGIS. The firm said in a statement that the acquisition underlined its commitment to the Asian market. Goh Chye Huat, CEO of Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally ... Read the full article

Howden launches new digital trading platform called xTrade Cargo

11th May 2022

Howden has launched xTrade Cargo, an end-to-end digital trading platform. This new initiative launched as a proof of concept in 2019 for Cargo SME business and today provides 20 leading cargo carriers with access to the largest and most complex cargo risks in the sector. It enables insurer participants to collect ... Read the full article

Howden appoints Jenny Lim as CEO of Singapore offshoot

4th May 2022

Howden has appointed Jenny Lim to be the new CEO of its Singapore offshoot. The firm said Lim had begun in her new role at the beginning of the month. She joined Howden in 2015 as executive director, head of financial lines, and as a member of the Howden Singapore Executive ... Read the full article

Howden, Munich Re & Skyline develop parametric solution for Jamaican farmers

27th April 2022

Broker Howden has partnered with global reinsurer Munich Re and Skyline Partners, a private-equity funded UK insurtech, to develop a parametric insurance solution designed to protect farmers in Jamaica from extreme weather events. With farming being the main the source of income for roughly 18% of the Jamaican population, adverse weather ... Read the full article

Howden to acquire SPF as it continues its investment within the UK

13th April 2022

International insurance broker, Howden is to acquire UK financial services firm - SPF Private Clients (SPF). Subject to regulatory approval, the signing will extend Howden’s offering to the mortgage broking market while enhancing its existing general insurance and wealth management offering, including its high net worth and private client focused businesses. This ... Read the full article

Howden picks up Italian firms Nord Est and ASI

4th April 2022

Howden has acquired two more Italian firms as part of its plan to accelerate growth in Italy. The company said it has picked Nord Est Insurance Broker and ASI, adding the pair to its portfolio with the Italian firms Assiteca, Andrea Scagliarini, and Tower. Luigi Sturani, regional CEO, Howden, ... Read the full article

Howden’s Flandro: Hardening market to last longer than expected

28th March 2022

The fast-changing macroeconomic issues currently impacting the re/insurance industry are expected to cause for the hardening market to last longer than expected, according to Head of Analytics at Howden unit HX, David Flandro. In the insurance broker's latest review and earnings update for FY2021, Flandro, alongside Michelle To, Head of Business ... Read the full article

Re/insurers “strongly positioned” to navigate Ukraine fallout: Howden

16th March 2022

Analysts at Howden have asserted that the re/insurance market is “strongly positioned” to navigate the economic fallout from Russia’s invasion of Ukraine, despite the myriad risks the conflict presents. Risks identified by Howden in connection with the war include direct underwriting losses, rapidly rising prices, slower economic growth, financial market volatility ... Read the full article

Howden overhauls global management team

10th March 2022

Broker firm Howden has overhauled its global management team in the wake of its acquisition of Aston Lark. According to the firm Chris Evans has been promoted to deputy CEO of Howden Broking in a new role, while Alistair Barrett will become the company’s COO. Rebecca Scott will become chief ... Read the full article

Howden M&A appoints new directors

8th March 2022

Howden M&A has appointed James Kay and Simon Worker as directors. The company said that it had bolstered its APAC broking team in response to growth in deals I the region and a surging demand for M&A insurance. Kay began his role in Singapore on 1 March.  Prior to joining Howden, he ... Read the full article

Growth ambitions “buoyant” in London Market: Howden

8th March 2022

A new survey by international insurance broker Howden has concluded that growth ambitions remain “buoyant” in the London Market, with carriers citing a strategy to temper catastrophe exposure, and a desire to embrace sustainable energy. Howden’s London Market Appetite Survey asked C-Suite representatives from 38 insurers to indicate the degree to ... Read the full article

Howden to acquire Italian broker Assiteca

2nd March 2022

Howden Group Holdings, the international insurance intermediary group, has announced plans to acquire Italian-headquartered broker Assiteca S.p.A. Assiteca has employees operating across 19 cities in Italy, as well as operations in Spain and Switzerland, with a turnover of brokerage commissions of approximately €90 million. Howden says the business will be “highly complementary” ... Read the full article

Howden launches new Wildfire Excess Liability Lineslip

15th February 2022

International insurance broker Howden has launched a new Wildfire Excess Liability Lineslip (WELL) due to the increase in demand for insurance cover for contractors and subcontractors operating in wildfire-prone areas in the US, such as California, Washington, Oregon and Arizona. WELL will allow contractors engaged in wildfire-exposed areas of operations, such ... Read the full article

Howden names Nicolas Aubert as CEO, France

7th February 2022

Broking company Howden has appointed Nicolas Aubert as Chief Executive Officer, France, bringing over 30 years of experience to the role. Aubert was most recently at Willis Towers Watson as Head of Great Britain and CEO, Willis Limited. Prior to this, he held leadership roles at AIG, as COO EMEA and had ... Read the full article

Howden acquires Italian firm Tower

24th January 2022

Broking company Howden has bought the Italian broking and risk consultants Tower. This is another acquisition of an Italian company by Howden, following the firm’s deal to take on Andrea Scagliarini in July last year. Howden’s newest acquisition specialises in the jewellery sector and is based in Vicenza. Luigi Sturani, regional CEO ... Read the full article