Reinsurance News
Howden
Howden expands into Italy, launches start-up platform
29th July 2021
International insurance broker Howden has launched a new business in Italy following the acquisition of broker Andrea Scagliarini SpA (Scagliarini). Establishing operations in Italy is seen as vital to enabling the firm to expand in Europe, enabling them to deliver service to both local and multinational clients. The launch of Howden Italy ... Read the full article
Howden Re hires Luke Birtwistle as Divisional Director, Casualty
26th July 2021
Howden Reinsurance, part of international re/insurance intermediary Howden Broking, has appointed Luke Birtwistle as Divisional Director to its newly formed Casualty treaty team. Birtwistle has over eight years of experience in the casualty treaty market and joins from ArgoGlobal, where he spent five years as a casualty treaty underwriter. Prior to that, ... Read the full article
Howden launches climate risk, resilience division
15th July 2021
International insurance group Howden has announced the launch of a climate risk and resilience division, set to be led by Charlie Langdale. The team will focus on risk transfer products designed to help accelerate and de-risk the move towards a low carbon economy, as well as mitigate the results of climate ... Read the full article
Howden declares a ‘digital pandemic’ as ransomware attacks rise 170%
5th July 2021
Insurance broker Howden has released a report examining today’s cyber insurance market, one it says is being driven by rampant ransomware attacks, higher rates and shifting regulation. Declaring a ‘digital pandemic’, Howden says ransomware is now the predominant cyber threat confronting businesses of all sizes, with 170% more attacks having taken ... Read the full article
HX launches data-driven insurance platform NOVA
1st July 2021
HX, the data analytics and advisory division of Howden Group Holdings, has announced the launch of NOVA, an insurance business platform designed to give users a better understanding of the market and its underlying drivers. By amalgamating unique data sets - including proprietary Howden pricing and placement information, loss trends, regulatory ... Read the full article
Prince Charles launches industry-led climate change task force at Lloyd’s
24th June 2021
HRH The Prince of Wales has launched his Sustainable Markets Initiative (SMI) insurance task force today during a visit to Lloyd’s of London. Chaired by Lloyd’s, the task force is composed of executives from many of the world’s largest re/insurers and aims to provide an influential platform for the sector to ... Read the full article
Howden names Allianz’s Holger Schaefer as CEO for Germany
24th June 2021
Global insurance broker Howden has appointed Holger Schaefer, formerly of Allianz Group, as its new Chief Executive Officer (CEO) for Germany, effective September 1st, 2021. In his new role, Schaefer will lead Howden's goals for the German marketplace by building on its strong presence and leveraging the businesses and their expertise ... Read the full article
Howden names Matt Bacon CEO of new Australian broking business
22nd June 2021
International insurance broker Howden has appointed Matt Bacon to serve as Chief Executive Officer of Howden Australia, a new entrant into the country’s broker market. Bacon joins alongside Stuart McKellar, appointed Head of Commercial & Affinity, and Nick Chubb, who has been appointed Head of Financial Lines. Bacon joins from Marsh, where ... Read the full article
Howden names Aon’s Luigi Sturani as CEO, Europe
16th June 2021
Howden has continued its expansion and investment in Europe with the appointments of Luigi Sturani as Chief Executive Officer (CEO), Europe and Enrico Nanni as Chief Commercial Officer, Europe, effective June 2nd, 2021. In his newly created role, Sturani will lead a diverse regional management team, supported by Louise Cable-Alexander, CEO, ... Read the full article
Howden launches ESG-focused insurer, Parhelion
2nd June 2021
Global insurance broker Howden has announced the launch of Parhelion, a highly rated environmental, social and governance (ESG) focused, fully sustainable insurance carrier which aims to commence underwriting from January 1st, 2022. The new insurer is targeting a capital raise of USD 500 million and is being advised by Howden Capital ... Read the full article
Property cat rates up by 5-10% at June 1 reinsurance renewals: HX
1st June 2021
Risk-adjusted property catastrophe reinsurance rates increased by 5-10% on average at the June 1st, 2021 renewals as price momentum decelerated year-on-year, according to HX, the digital, analytics, and advisory unit of Howden Group Holdings. According to data available in financial and underwriting data platform, NOVA, reinsurance rate momentum remained at the ... Read the full article
Howden acquires Medical Professional Risk Solutions
20th May 2021
Howden Broking has acquired Medical Professional Risk Solutions (MPRS), a specialist insurance broker for the primary care sector. The acquisition will expand the Howden's Health & Care division as it continues to invest in specialisms to support clients. MPRS provides accident & health, professional liability, medical malpractice, and commercial combined cover for ... Read the full article
HX targets further growth with Asia launch
18th May 2021
HX, the data and analytics division of Howden Group, has launched in Asia to bring its capabilities directly to clients and carriers in the Asian market. HX Asia will be based at the Group's regional headquarters in Singapore, enabling it to deploy its data, analytics and technology capabilities directly to the ... Read the full article
Howden Specialty hires Surya Wijaya as Divisional Director
6th May 2021
Howden Specialty has appointed Surya Wijaya as Divisional Director to its growing Natural Resources division in Asia Pacific. Wijaya will be based in Singapore and report to Matt Savitt, Head of Natural Resources, Asia Pacific. He brings years of industry experience, having held roles at Aon, JLT and Marsh JLT Specialty over ... Read the full article
Shift towards asset-light economy is transformative, says Flandro
22nd April 2021
The shift towards an asset-light global economy has been described as transformative by HX Analytics managing director David Flandro, in a Howden report that highlights the rise of intangibles and the subsequent challenges this brings to re/insurers. “Intangible - and largely uninsured - exposures are becoming more substantive. The rise of ... Read the full article