Reinsurance News
Howden
Howden expands in Spain with ARTAI takeover
21st April 2021
International insurance broker Howden has announced the acquisition of ARTAI, an independent corporate broker based in Spain. The acquisition will expand Howden’s presence across Spain, Portugal and Morocco, where ARTAI maintains a workforce of 600 employees across 30 offices, and manages more than €350 million in premiums. ARTAI was founded 28 years ... Read the full article
Howden hires Felix Jenny to lead Swiss operation
20th April 2021
Insurance broker Howden has appointed Felix Jenny to lead its new retail operation in Switzerland, following last years acquisition of IRIA, the Geneva-headquartered specialist political risk and credit insurance broker. Howden Switzerland will form an important part of Howden’s European business, delivering local market expertise to the Group’s multinational client base ... Read the full article
Howden TMEA hires Serge Calfa as Regional head
9th March 2021
Howden TMEA, part of the Hyperion Insurance Group, has announced the appointment of Serge Calfa as Regional head of treaty for accident/life and health reinsurance treaty business. Calfa’s appointment complements the expansion of its regional reinsurance TMEA team. He has over 20 years of experience as an insurance and reinsurance professional in ... Read the full article
Howden adds Chris Davies to co-lead financial, risk advisers division
2nd March 2021
Insurance broker Howden has appointed Chris Davies to co-lead its financial and risk advisers division alongside executive director, Iain Middle. It’s hoped Davies’ appointment as executive director will strengthen the team’s leadership while adding specialist expertise and extensive first-hand experience of the issues clients are facing in the financial advisory market. He ... Read the full article
Howden to rebrand recently-acquired South African broker
8th February 2021
Insurance broker Howden has announced the rebranding of the recently-acquired Matrix group, a set of companies acquired in April 2020. Under the new Howden name, the group will continue to provide bespoke treaty, facultative, structured reinsurance alongside other value-added services to its clients. “We are incredibly excited about the future possibilities that collectively ... Read the full article
Howden hires Andrew Harrison-Sleap as Executive Director
4th February 2021
International insurance broker Howden has appointed Andrew Harrison-Sleap as Executive Director and Global Deputy Head of Construction. He joins from McGill & Partners, where he served as Partner in the Professional Indemnity practice and will report to newly appointed Naresh Dade to lead the practice group. He will be based in ... Read the full article
Howden records organic growth of 6% in 2020
27th January 2021
International insurance broker Howden has recorded revenue of £777 million in 2020, representing an increase of 7% compared with the previous year, or 6% on an organic growth basis. Howden attributed the growth to strong performance across all of its business units, despite the “extraordinary market conditions” that the industry faced ... Read the full article
Howden Group’s HX partners with expert.ai
14th January 2021
HX, the data and analytics division of Howden Group, has announced a partnership with expert.ai to augment its data analytics services. Expert.ai's underwriting is aligned with HX’s aim to help insurers, re-insurers, corporates and brokers maximise their resources through its data insights. The platform works by automating the reading and analysis of ... Read the full article
Howden to launch Australian broking operation
14th January 2021
International insurance broker Howden is entering a strategic partnership with insurance intermediary network Steadfast that will see the creation of an Australian broking operation. The partnership will also look to support Steadfast’s London Market broking requirements. Meanwhile, Howden in Australia will join Steadfast’s network - the country's largest general insurance platform - in ... Read the full article
Howden Group invests $84mn to support reinsurance MGA Tamesis DUAL
13th January 2021
International brokerage Howden Group Holdings has completed its first underwriting capital investment, with an $84 million investment in support of DUAL Group's reinsurance arm, Tamesis DUAL Ltd. Capital was provided by Howden and a third party investor and the additional capacity has been in place since the start of January. DUAL, which ... Read the full article
Overall cat bond offerings at 1/1 continued to attract significant capital: GC
11th January 2021
Guy Carpenter analysts have reported that overall catastrophe bond offerings during the recent Janurary renewals continued to attract significant capital, while syndicated sidecar and collateralised reinsurance strategies experienced limited new inflows of capital. January 1 allocations were said to have been complicated by Covid-driven year-end loss reserve “buffering” and a high ... Read the full article
Analysts see potential for more notable rate rises at upcoming reinsurance renewals
8th January 2021
While risk-adjusted pricing gains in the mid-single-digits at the Jan 1st, 2021 reinsurance renewals fell below expectations, analysts at Morgan Stanley feel it's likely that "more pronounced" rate rises will come to fruition at the April and mid-year renewals. As the COVID-19 pandemic compounded losses for reinsurers in 2020, the industry's ... Read the full article
Jan 1 renewals yield sharpest price changes in recent memory: Howden
5th January 2021
International insurance broker Howden has reported that a multitude of factors coalesced at the January 1, 2021 renewals to drive “the sharpest price changes in recent memory.” According to Howden, lower investment yields, higher loss cost trends, another above-average loss year, concerns over climate change and general risk aversion were among ... Read the full article
Naresh Dade to lead Howden construction practice
16th December 2020
International insurance broker Howden has announced that Naresh Dade has been appointed to lead its construction practice. Dade, formerly Senior Vice President, Construction, Marsh JLT Specialty, New York will join as Managing Director, Howden Global Construction practice. Howden expects the appointment to help drive the growth of its global construction capability. “Our aspiration ... Read the full article
HX announces launch of capital markets advisory practice
7th December 2020
HX, the data and analytics division of Howden Group, has announced the launch of a new capital markets advisory practice. Howden Capital Markets (HCM) will provide Howden clients with further access to investment capital which, alongside traditional insurance capacity, can result in lower risk transfer costs and superior outcomes. The company’s services ... Read the full article