Reinsurance News
Howden
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
Cyber market still hardening as underwriting view shifts: analysts
18th January 2022
Analysts at some of the top re/insurance brokers have noted that the cyber reinsurance market is continuing to see hardening rates following another challenging year for losses in this sector. Gallagher Re classified the primary cyber markets as “truly hard” at recent renewals, but said there is still room for reinsurance ... Read the full article
Richard Pike to join Howden Re as Executive Director, Treaty Reinsurance
18th January 2022
Richard Pike, currently of Berkley Re, is set to join reinsurance broker Howden Re in April as Executive Director, Treaty Reinsurance, based in Sydney. In his new role, which he takes on following his contractual obligations, Pike will report to Stephen Warwick, Head of Treaty for Asia Pacific. At Howden Re, Pike ... Read the full article
Climate change making peak peril distinctions irrelevant: Howden
10th January 2022
According to analysts at Howden, the growing threat of climate change and its influence on the severity of many insured catastrophes is removing the need for any distinction between ‘peak’ and ‘non-peak’ perils. The broker says climate risk replaced COVID-19 to become the re/insurance market’s pre-eminent concern in 2021, as another ... Read the full article
Howden sees continued demand as retro challenges drive uncertainty for property cat reinsurers
7th January 2022
Broker Howden expects to see continued demand for reinsurance into 2022 and the North Atlantic hurricane season after property-catastrophe reinsurers lacked the usual clarity on their net positions when offering lines at 1/1, amid late retrocession placements. Alongside the late retro experience, Howden forecasts that continued purchasing interest through 2022 will ... Read the full article