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.
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
Howden appoints Marsh’s Sarah Neild to lead UK Cyber Retail Practice
26th May 2022
International insurance broker, Howden, has appointed Sarah Neild as Head of UK Cyber Retail, where she will report to David Rees, and be based in London. Neild will join Howden in November once her contractual obligations have been fulfilled. Her appointment reflects Howden’s commitment to continue with investing in its Cyber proposition, ... Read the full article
Howden Sweden announces new leadership changes
24th May 2022
International insurance broker, Howden, has announced the appointments of Marie Gustafsson as Chief Executive Officer, Sweden and Kristoffer Haleen as an Executive Director on the board of Howden Sweden. Howden stated that both Gustafsson and Haleen will lead its business in the region, once their contractual obligations have been discharged. Jesper ... Read the full article
Howden buys Singapore-based AEGIS
12th May 2022
Howden has acquired the business and assets of Singapore-based insurance agency AEGIS. The firm said in a statement that the acquisition underlined its commitment to the Asian market. Goh Chye Huat, CEO of Howden Asia, said: “The acquisition of AEGIS reflects our broader strategy of empowering local teams to partner with culturally ... Read the full article
Howden launches new digital trading platform called xTrade Cargo
11th May 2022
Howden has launched xTrade Cargo, an end-to-end digital trading platform. This new initiative launched as a proof of concept in 2019 for Cargo SME business and today provides 20 leading cargo carriers with access to the largest and most complex cargo risks in the sector. It enables insurer participants to collect ... Read the full article
Howden appoints Jenny Lim as CEO of Singapore offshoot
4th May 2022
Howden has appointed Jenny Lim to be the new CEO of its Singapore offshoot. The firm said Lim had begun in her new role at the beginning of the month. She joined Howden in 2015 as executive director, head of financial lines, and as a member of the Howden Singapore Executive ... Read the full article
Howden, Munich Re & Skyline develop parametric solution for Jamaican farmers
27th April 2022
Broker Howden has partnered with global reinsurer Munich Re and Skyline Partners, a private-equity funded UK insurtech, to develop a parametric insurance solution designed to protect farmers in Jamaica from extreme weather events. With farming being the main the source of income for roughly 18% of the Jamaican population, adverse weather ... Read the full article
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