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.
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
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
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