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.
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
Insurance broker Howden launches Reykjavik branch
3rd December 2020
Howden Broking has become the first international insurance broker to open a branch in Iceland, with the launch of a new office in the country's capital, Reykjavik, Through its operations in Finland, Howden has worked closely with clients in Iceland for a number of years. The new office in Reykjavik will deliver ... Read the full article
Howden Iberia hires MD for Employee Health and Benefits
1st December 2020
Insurance broker Howden has hired Ana Matarranz as Managing Director of the Employee Health and Benefits practice for Howden Iberia. The appointment comes after Howden's acquisition of Compensa, a flexible compensation and Human Resources consulting firm, where Matarranz will be added to its Board of Directors. She has over 20 years of ... Read the full article
HX’s Flandro underlines positive outlook despite difficult year
26th November 2020
With Covid-19 losses increasing sector risk premiums, the presence of higher rates across most lines is creating opportunities for margin expansion and driving a continuing inflow of new investment capital, according to David Flandro, Managing Director at HX Analytics. In a presentation given during the company's third quarter earnings update, Flandro ... Read the full article
Howden set to acquire cyber, tech-focused broker Safeonline
24th November 2020
Insurance broker Howden has agreed to acquire specialist broker and Lloyd’s coverholder Safeonline. The deal will see a team of cyber insurance specialists join Howden’s cyber division and is intended to add resources and expertise to the company's presence in the marketplace. Chris Cotterell, Chief Executive Officer of Safeonline will join Howden ... Read the full article
Howden Specialty launches new Sustainable Energy practice
3rd November 2020
Howden Specialty has announced the launch of its new Sustainable Energy practice along with several significant new hires as part of its strategy to become the global market leader in the sector. The team is led by Deborah Duss and is mainly based in London whilst expanding its geographical footprint with ... Read the full article
Howden Specialty adds Matthew Savitt to lead natural resources division
2nd November 2020
Howden Specialty has appointed Matthew Savitt to lead its new natural resources division in the Asia-Pacific region. Howden Specialty says the appointment will expand its ability to provide specialist expertise to both its global and regional upstream, downstream, power generation and sustainable energy clients. Savitt will be based in Singapore and reports ... Read the full article
Howden to acquire majority stake in Mexican broker ADRISA
13th October 2020
International insurance broker Howden is set to acquire a majority stake in ADRISA, a Mexico-based retail insurance broker. The deal will see the two companies merge, with Jose Luis Ordás becoming Executive Chairman and Luis Suarez de Lezo Chief Executive Officer of the combined group. The combination will create the largest independent ... Read the full article
Howden acquires professional indemnity broker St Giles
29th September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has reached an agreement to acquire St Giles Legal & Professional Risks. St Giles is a professional indemnity insurance broker specialising in the UK solicitor space, a market in which Howden is currently a leading provider. The acquisition of St Giles further cements ... Read the full article
Howden to acquire UK personal & commercial lines broker, A-Plan Group
23rd September 2020
Howden Broking Group, an independent insurance and reinsurance broker, has announced an agreement to acquire one of the largest personal and commercial lines insurance brokers in the UK, A-Plan Group, subject to regulatory approval. Once completed, the deal will create one of the largest insurance brokerages in the UK, managing more ... Read the full article
Howden appoints new Chair ahead of RKH merger
17th July 2020
Independent broker Howden Broking Group has announced the appointment of Barnaby Rugge-Price as its new Chair. The move comes ahead of Howden's planned merger with RKH, which was announced by Hyperion in September 2019 and is set for completion this coming October. This consolidated platform and unified management team will be ... Read the full article
Ageas enters land & estate deal with Howden division
3rd July 2020
Brussels-headquartered multinational insurer Ageas has announced a new five-year agreement for land and estates insurance with R K Harrison, the specialist rural division of Howden UK. Effective from July 1, 2020, the scheme has been designed to support a range of insurance needs across the rural sector. Under the agreement, farmers, landowners ... Read the full article
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