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 voluntary carbon credit insurance product to help scale market
7th September 2022
International re/insurance broker Howden has announced the launch of a carbon credit invalidation insurance solution to increase confidence in the Voluntary Carbon Market (VCM). To develop the product, Howden worked with the carbon finance business, Respira International, and Nephila Capital, an investment manager specialising in reinsurance risk. They were also advised ... Read the full article
Extreme volatility for carrier balance sheets in first half of 2022: Howden
1st September 2022
The first half of 2022 has been the most volatile period for re/insurer balance sheets since the financial crisis more than ten years ago, according to Head of Analytics at Howden unit HX, David Flandro and Head of Business Intelligence, Michelle To. The Howden Analytics presentation notes that both composite and ... Read the full article
HowdenCAP and Mosaic team up on technology
16th August 2022
HowdenCAP and Mosaic are teaming up to integrate their technology platforms. The former, a division of broker firm Howden, will work with the specialty carrier to ‘drive efficiency and speed of risk placement’ in the structured credit insurance market. A statement from the two firms said that team-up will be the ... Read the full article
Howden announces acquisition of Wallace McLean
5th July 2022
International insurance broker, Howden has announced the acquisition of Wallace McLean. The acquisition will further strengthen the brokers local expertise, and will also provide them with an enhanced platform for its strategic growth plans in New Zealand. The announcement of this acquisition comes just two months after it was announced that Howden ... Read the full article
Howden names Mary O’Connor CEO of new capital advisory arm
4th July 2022
Global insurance broker Howden has appointed Mary O'Connor as Chief Executive Officer (CEO) of its new capital, advisory and placement business for financial institutions and corporates, HowdenCAP. The new proposition has been launched in response to the changing needs of financial institutions and corporate clients, and will for the first time ... Read the full article
Howden Group hires Tom Hoad in new role
23rd June 2022
Howden Group has hired Tom Hoad to help it establish an end-to-end platform that accelerates the launch and growth of insurance start-ups. The firm said in a statement that Hoad will join the Group to lead this initiative. He will bring together expertise and resources from across both Howden and DUAL ... Read the full article
Pricing, losses and capacity of insurance sector affected by war, pandemic & cats
17th June 2022
Secondary catastrophes are affecting the pricing, losses and capacity of the insurance sector; this has made Q1 2022 a lot more eventful and unpredictable, according to Howden Broking. This accumulation of secondary peril events - which are looking more like primary perils – is happening alongside the war in Ukraine, the ... Read the full article
Net income of insurance market decreases in Q1: Howden Broking
17th June 2022
Net income has decreased in the insurance market to $18.8 billion in the first quarter of this year when compared to $29.3 billion last year, according to Howden Broking. This has been driven by lower investment return offset by an increase in life underwriting profit. According to the broker, macro fundamental trends ... Read the full article
Howden appoints Andoni Hernandez as Regional General Counsel
16th June 2022
Howden, the international insurance broker, has announced the appointment of Andoni Hernandez as Regional General Counsel for its Latin America region and Executive Chairman in Brazil, as of June 1st. Hernandez has over 20 years of experience in similar positions in several jurisdictions, which the company says will ... Read the full article
Howden names Head of Employee Benefits & Wellbeing in Italy
15th June 2022
International insurance broker, Howden has appointed Cesare Lai as Head of Employee Benefits and Wellbeing for Howden in Italy. Within his new role, Lai brings a wealth of experience, having worked for over 20 years within the industry. Most recently, he served as Chief Executive Officer at Generali Welion. Prior to that ... Read the full article
Howden Insurance Brokers appoints Kenneth Durbin to new role
14th June 2022
Howden Insurance Brokers has appointed Kenneth Durbin to be its new managing director and head of strategy for global programs. Durbin comes to the company from a senior vice president role at Guy Carpenter, which he joined in 2017. Prior to Guy Carpenter, Durbin was assistant vice president at Willis Re. The ... Read the full article
DUAL Europe hires Floris Wijchman as Commercial Director
14th June 2022
Howden Group’s underwriting arm DUAL has appointed Floris Wijchman as Commercial Director, DUAL Europe, where he will report to newly appointed Chief Executive Officer, DUAL Europe, Olaf Jonda. With over 25 years of industry experience, Wijchman will bring a lot of expertise within his new role at DUAL Europe. He started ... Read the full article
Howden Tiger will be a breath of fresh air in reinsurance: David Howden
10th June 2022
For re/insurance broking group Howden, the recently announced acquisition of TigerRisk Partners transforms its position in the reinsurance space, with the enlarged business set to challenge the status quo and empower talent, according to Howden Group's Chief Executive Officer (CEO), David Howden. Yesterday, Howden announced an agreement to create the ... Read the full article
Howden: “Cyber cover cost doubles in less than a year”
6th June 2022
Howden’s newest annual report on cyber reveals that higher loss frequency and severity from ransomware have caused such an extreme supply-demand imbalance the average cost of cover is more than double what it was last year. The report, A Hard Reset 2.0, looks at developments that have shaped the market in ... Read the full article
Howden nearly fully approved for 100% stake in Howden India
27th May 2022
Howden has received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to increase its shareholding in Howden India. The approval, once ratified by the Reserve Bank of India, will see Howden increase its stake in the firm from 49% from 100%. The firm said that its leadership team within ... Read the full article
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