Reinsurance News
Howden
Howden is one of the largest insurance and reinsurance intermediary or broker groups in the world. Acting on behalf of its clients, Howden’s teams design and place complex insurance and reinsurance products, while securing risk capital from industry participants.
Read our Howden insurance and reinsurance news below.
Cyber insurance growth to shift to non-US markets by 2030: Howden
1st July 2024
Howden, the insurance intermediary group, has released its fourth annual cyber report, "Risk, Resilience and Relevance," noting market stabilisation last year due to improved cyber hygiene following a surge in ransomware claims in 2020 and 2021. According to the report, carriers and brokers have made notable strides in enhancing price stability, ... Read the full article
Insurance critical to mobilising $10tn of committed climate transition investment: Howden
24th June 2024
According to a new report from Howden, more than half of the $19 trillion committed to financing the climate transition through to 2030 will require additional insurance, suggesting that corporates should engage the industry from an early stage in their climate risk management planning to secure adequate supply of capacity ... Read the full article
Howden places first W&I policy for Mere Plantations carbon credits sale
21st June 2024
Howden, a global insurance intermediary group, has announced the launch of the first Warranty & Indemnity insurance policy for the sale of carbon credits for the reafforestation project of degraded forest lands by Mere Plantations. UK-based Mere Plantations owns and operates a teak plantation in Ghana, West Africa, and has been ... Read the full article
Global Risk and Resilience Fellowship aims to de-risk investment using insurance
19th June 2024
The Sustainable Markets Initiative (SMI), a collaborative effort focused on promoting sustainability in global markets, along with Howden, an international insurance group, and Resilient Cities Network (R-Cities), the city-led network on urban resilience, has launched the second cohort of the Global Risk and Resilience Fellowship in five cities worldwide. This year's ... Read the full article
Howden names Paul Hipson as Head of London Broking
17th June 2024
The insurance intermediary group Howden has announced the appointment of Paul Hipson to the newly created role of Head of London Broking for the Corporate & Commercial division within Howden UK & Ireland, effective June 2024. In his new position, Hipson will oversee the existing London Broking team, which primarily assists ... Read the full article
Gareth Davies to join Howden from Price Forbes Re as Head of Parametric Solutions
17th June 2024
Experienced parametric risk transfer professional, Gareth Davies, is to join global insurance and reinsurance broker Howden as Head of Parametric Solutions, Reinsurance News has learned. Davies is joining Howden from Price Forbes Re, where he most recently served as Managing Director, Parametric Solutions, for 11 months based in London. Prior to this, ... Read the full article
Strong outlook for Lloyd’s market in 2024: Howden
13th June 2024
A recent report by Howden highlights that the conditions and prospects for the Lloyd’s market remain strong in 2024, characterised by strong rate adequacy across nearly all business classes, and minimal indications of new capital entering the market that could disrupt this stability. Howden notes that Lloyd’s has achieved excellent underwriting ... Read the full article
Howden selects AutoRek to boost digital transformation across key back-office processes
7th June 2024
Howden, the global insurance intermediary group, has selected software provider AutoRek to boost the efficiency of key back-office processes through intelligent automation. According to the announcement, this new partnership is anticipated to help Howden centralise and streamline areas of its Insurance Broker Accounting (IBA) operations, ultimately increasing capacity for future growth and ... Read the full article
ClimateWise collabs with Howden & MS Amlin on nature-related financial use cases
5th June 2024
ClimateWise, which is part of the Cambridge Institute for Sustainability Leadership (CISL), in collaboration with two of its members, Howden, the global insurance intermediary group, and MS Amlin, Lloyd's global insurer and reinsurer, have developed nature-related financial opportunity use cases. In alignment with the Kunming-Montreal Global Biodiversity Framework (GBF), the financial ... Read the full article
Howden, Allianz Trade, and Saudi EXIM partner to boost Saudi trade and growth
4th June 2024
Howden, Allianz Trade, and Saudi EXIM bank have signed an Initial Framework Agreement to bolster Saudi Arabia’s economic growth and facilitate international trade. As part of the initial agreement, facilitated by Howden, Allianz Trade and Saudi EXIM Bank will collaborate to provide dedicated non-payment insurance for international exporters and banks. This ... Read the full article
Howden launches SME cyber insurance platform to widen access to protection
21st May 2024
Howden, the global insurance intermediary group, has launched a unique cyber insurance platform for SMEs that enables easier access cyber insurance by simplifying the process of purchasing cover. The platform is designed for businesses with revenues of up to $250 million, and allows cyber insurance to be purchased in four simple ... Read the full article
Howden acquires LatAm parametric insurance specialist MiCRO
20th May 2024
Howden has acquired MiCRO, a microinsurance specialist that designs and implements parametric insurance coverage for underserved populations in Latin America against natural catastrophes. MiCRO was founded by Mercy Corps and Fonkoze in the aftermath of the 2010 Haiti Earthquake and has since grown to operate in Guatemala, El Salvador, Colombia and ... Read the full article
Re/insurance industry must recalibrate cyber risk approach to reach untapped potential
9th May 2024
As per a new report from Howden Re, the reinsurance and risk advisory arm of the Howden Group, while perceptions of heightened systemic risk within the cyber re/insurance class have been persistent, the rewards offered are often underestimated relative to natural catastrophe exposure. Howden Re's report, Re-framing cyber risk: navigating threats ... Read the full article
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
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