Reinsurance News
Howden
Howden forecasts tempered rates for some areas in 2022
7th January 2022
Analysts at Howden are expecting to see “further and accelerated rate tempering in 2022” despite a January 1 renewal period that was largely defined by continued price increases. The broker says higher rates and improved underwriting margins are likely to continue to attract new capital in 2022, although this is unlikely ... Read the full article
COVID-19 the third costliest catastrophe event for re/insurers, says Howden
5th January 2022
Insurance and reinsurance industry losses from the COVID-19 pandemic up to the end of the third quarter of 2021 near $45 billion, making it the third most expensive catastrophe event for the industry, according to broker Howden's reinsurance renewals report. Behind only 9/11 and Hurricane Katrina (the most expensive insured loss ... Read the full article
Risk landscape reshaped by ‘megatrends’ at Jan 1: Howden
4th January 2022
Analysts at Howden have observed a “reset” in the reinsurance risk landscape during the January 1st renewals, as a series of ‘megatrends’ upped the complexity of an already complicated underwriting environment. Reporting on the critical renewal period, the broker argues that the insurance macro-fundamental environment is clearly shifting, with higher inflation, ... Read the full article
Carbon Underwriting places Lloyd’s property consortium with Howden Re
23rd December 2021
Carbon Underwriting Limited (Carbon), the specialist, independent managing general underwriter (MGU) and Lloyd’s syndicate, has placed a new Lloyd’s property consortium with independent reinsurance broker, Howden Re. The placement marks the first Variable Delegated Underwriting Authority consortium as well as the first consortium supporting a Syndicate in a Box. Carbon says the ... Read the full article
Global M&A activity in 2021 leads to a record number of notifications: Howden
17th December 2021
International M&A insurance broker, Howden M&A has released its annual M&A Insurance Claims Report, analysing the key trends that emerged across the UK and Europe over the course of the Covid-19 pandemic. An increase of deal activity and use of M&A insurance has led to a record rise in the number ... Read the full article
Howden acquires Ross Insurance
13th December 2021
International insurance broker Howden has acquired Ross Insurance Group, a commercial broker servicing corporate and technology clients, as it continues to build out its UK business. Ross Insurance Group offers a broad range of product lines, with a particular focus on Financial and Construction risks, and manages complex global programmes for ... Read the full article
Nature-based carbon a $1.3bn opportunity for re/insurers: report
9th December 2021
A new report by carbon market experts, BeZero Carbon, in partnership with international insurance broker, Howden, and UK insurance broker Blackford, has outlined the significant opportunity the re/insurance industry could play in securitising the nature-based carbon market and unlocking the capital needed to scale it. The report estimates that the voluntary ... Read the full article
Malene Insurance Brokers becomes Howden Takaful Brokers
8th December 2021
Howden, the international insurance broker, has announced that following its merger with Malene Insurance Brokers in February 2019, Malene will operate as Howden Takaful Brokers, a fully dedicated Takaful specialist. Howden says the rebrand reinforces its commitment to respond to the growing demand for Islamic driven solutions and providing a strong ... Read the full article
Howden to utilise hull & cargo solutions from Concirrus
3rd December 2021
International insurance broker Howden is planning to utilise the Quest Marine Hull and Quest Cargo solutions by insurtech Concirrus as part of a digital transformation program. Howden will be the first company in the broker market to utilise Quest Cargo to inform the development of xTrade Cargo, its new digital platform ... Read the full article
Howden acquires specialist insurance broker EML
1st December 2021
International insurance broker Howden has acquired Expat Marine Limited (EML), a specialist insurance broker providing employee benefits and general insurance products and advice to clients in Hong Kong. The acquisition is considered a reinforcement to Howden’s commitment to the Hong Kong market. EML was established 32 years' ago and caters for the insurance ... Read the full article
Howden collaborates with Everbridge to address climate risk with parametrics
23rd November 2021
International insurance broker Howden has joined forces with Everbridge, Inc., a leader in critical event management (CEM) and national public warning solutions, to enable response and recovery organisations to address climate risk and resilience. The first-of-its-kind collaboration brings together Everbridge's public safety technology with Howden's insurance expertise. By combining Everbridge's tech with ... Read the full article
Howden CEO says private capital ‘essential’ in closing disaster funding gap
9th November 2021
David Howden, Chief Executive of insurance intermediary group Howden, has called for leaders in the global investment, humanitarian and philanthropic communities to help close the gap in disaster relief funding, stating the use of private capital as essential to the industry’s success at providing sufficient relief for future disasters. His comments ... Read the full article
Global broker Howden launches in New Zealand
4th November 2021
After entering Australia earlier this year, international insurance broker Howden has now launched its New Zealand operations with Howden Broking and Howden Care, supporting the firm's ambitious growth plans for the Pacific region. The new division will be led by René Hattingh as Chief Executive Officer (CEO) of Howden Broking New ... Read the full article
Howden acquires Bermudian broker Foram
21st October 2021
International insurance broker Howden has announced the acquisition of Bermuda-based Foram Brokerage as the firm looks to demonstrate its commitment to the Bermudian market. An independent re/insurance broker, Foram provides speciality services in Casualty, Energy, Professional Lines, Construction, Product Recall, Property and Healthcare lines. The purchase is considered complementary to Howden’s existing ... Read the full article
Opportunity for re/insurance industry to ‘act as a force for social good’ in climate fight: Howden
21st October 2021
As the link between the changing climate, more extreme weather events and higher insured and reinsured catastrophe losses strengthens, there's an opportunity for the risk transfer industry to act as a force for social good, according to international insurance broker Howden. Data and analysis in a new report by Howden, titled ... Read the full article