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 reports adequate capacity and discipline at casualty reinsurance renewals
3rd January 2024
In the lead up to the 1.1 2024 casualty reinsurance renewals, numerous reinsurers called for wholesale action to tackle economic and social inflation, but according to broker Howden, "outcomes ultimately reflected more discerning underwriting informed by loss experience, underlying rate change and prior-year development across individual portfolios." Throughout much of 2023, ... Read the full article
Dedicated reinsurance capital recovered to “near-record” levels: Howden’s Flandro
2nd January 2024
David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Tiger, has observed that dedicated reinsurance capital has recovered to near-record levels, enticed by generationally strong pricing and favourable terms and conditions in key lines of business. "This, combined with a rapid recovery in traditional balance sheets has meant there was ... Read the full article
More favourable supply drives stable reinsurance renewals at Jan 1: Howden
2nd January 2024
An increase in the supply of reinsurance at the January 1st, 2024, renewals, led to a relatively stable and orderly renewal with risk-adjusted pricing witnessing flat changes overall, as global risk-adjusted property catastrophe rates-on-line rose by an average of 3%, reports broker Howden. Since the January 2023 renewals, market conditions have ... Read the full article
Howden expands in the Netherlands through acquisition of VLC & Partners
19th December 2023
Global insurance group, Howden, has announced the acquisition of VLC & Partners Holding B.V. (VLC), one of the largest independent insurance brokers operating in the Netherlands. Once completed, the acquisition will help enable Howden to scale its existing operations in the strategically important Dutch market, which is hailed as being ... Read the full article
Howden to enter Danish market through acquisition of NORTH Risk
14th December 2023
Global insurance group Howden is set to acquire Denmark's fourth largest insurance intermediary - NORTH Risk (NORTH), which will help establish the firm a retail presence across the Danish market, as well as strengthen its geographical presence across the Nordic region of Europe. According to Howden, this acquisition reflects their continuing ... Read the full article
Right Choice re-launches Autosaint brand with Howden Driving Data partnership
13th December 2023
Right Choice Insurance Brokers (RCIB) has selected Howden Driving Data, part of the Howden insurance group, as the telematics provider for its newly relaunched Autosaint brand. A pioneer in telematics insurance, Autosaint has helped tens of thousands of customers secure cheaper premiums and become safer drivers since 2011 through behavioural coaching ... Read the full article
Howden Ventures invests in Rosetta Risk Management to support MGA transition
7th December 2023
Rosetta Risk Management (RRM) has secured investment from Howden Ventures, which is set to "accelerate its transition to a fully tech-enabled construction insurance MGA." Currently a SaaS platform, RRM said it will aggregate construction risk performance data, "enriching the insights necessary to drive a more sustainable development sector." The firm continued, "By ... Read the full article
Re/insurance sectors poised to exceed cost of capital: Howden’s Flandro
6th December 2023
Speaking in Howden's Q3/9M (re)insurance sector review, David Flandro, Head of Strategy Advisory, Howden Tiger, has suggested that for the first time in a long time, both the insurance and the reinsurance sector are poised to exceed their cost of capital. With the (re)insurance sector ending Q3 with positive momentum, Flandro ... Read the full article
AXA Climate and Howden partner on flood resilience project for Togo
6th December 2023
AXA Climate, part of global insurer AXA Group, London-based broker Howden, and Togo-based non-governmental organisation Pionniers en Action pour le Développement Intégré à l’Environnement (PADIE), will be implementing the project for Togo’s fourth-largest city, Kloto 1, and key flood hot spots in the capital city Lomé – Golfe 1 and ... Read the full article
Howden acquires Haakon AG, emerges as reinsurance broker of choice in Switzerland
5th December 2023
Global insurance group Howden has announced the successful acquisition of Haakon AG, a specialised international reinsurance broker headquartered in Switzerland. The strategic move positions Howden as the premier reinsurance broker in Switzerland, enhancing its European reinsurance platform and client offerings, the company said. Formerly a part of the Baloise Group, Haakon boasts ... Read the full article
David Howden calls on private sector to act to make vulnerable countries more investible
5th December 2023
In a keynote speech on the Island of Hope (in the Innovation Zone) at COP28 in the UAE, David Howden, founder and CEO of global insurance broker Howden, discussed the power of the private sector to protect vulnerable countries against the impacts of climate change and unlock investment in their ... Read the full article
Howden unveils primary cyber & technology E&O facility with Lloyd’s
24th November 2023
Global broker Howden has announced that it has launched a new primary cyber and technology errors & omissions (E&O) facility. The facility has been developed in conjunction with the Lloyd’s Insurance Company According to the announcement, the product has been designed for a wide range of cyber and technology risks across 14 different ... Read the full article
Risk sharing systems can scale up L&D funds to support climate vulnerable countries: report
21st November 2023
The world’s most vulnerable countries could lose over 100% of GDP in 2024 from climate related disasters that are insurable, according to research from the Cambridge Institute for Sustainability Leadership (CISL) and broking group Howden, which also demonstrated the transformative economic efficiency of risk-sharing systems to provide these countries with ... Read the full article
Howden Tiger names Martin Ford as Executive Director
17th November 2023
Howden Tiger, the reinsurance broking arm of the global insurance group Howden, announced the appointment of Martin Ford as Executive Director. Based in London, Ford will be reporting directly to Managing Director Paul Esterbrook. Ford brings with him a wealth of expertise, having spent the last 26 years at Gallagher Re, formerly ... Read the full article
Howden names Jean Bayon de La Tour as International Head of Cyber
16th November 2023
In a strategic move to bolster its position in the face of escalating cyber threats, Howden, the global insurance group, has appointed Jean Bayon de La Tour as the International Head of Cyber, effective immediately. This appointment marks a significant milestone in Howden's initiative to attract top-tier broking talent, aligning with ... Read the full article
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