Reinsurance News
Howden
Re/insurance sectors poised to exceed cost of capital: Howden’s Flandro
6th December 2023
Speaking in Howden's Q3/9M (re)insurance sector review, David Flandro, Head of Strategy Advisory, Howden Tiger, has suggested that for the first time in a long time, both the insurance and the reinsurance sector are poised to exceed their cost of capital. With the (re)insurance sector ending Q3 with positive momentum, Flandro ... Read the full article
AXA Climate and Howden partner on flood resilience project for Togo
6th December 2023
AXA Climate, part of global insurer AXA Group, London-based broker Howden, and Togo-based non-governmental organisation Pionniers en Action pour le Développement Intégré à l’Environnement (PADIE), will be implementing the project for Togo’s fourth-largest city, Kloto 1, and key flood hot spots in the capital city Lomé – Golfe 1 and ... Read the full article
Howden acquires Haakon AG, emerges as reinsurance broker of choice in Switzerland
5th December 2023
Global insurance group Howden has announced the successful acquisition of Haakon AG, a specialised international reinsurance broker headquartered in Switzerland. The strategic move positions Howden as the premier reinsurance broker in Switzerland, enhancing its European reinsurance platform and client offerings, the company said. Formerly a part of the Baloise Group, Haakon boasts ... Read the full article
David Howden calls on private sector to act to make vulnerable countries more investible
5th December 2023
In a keynote speech on the Island of Hope (in the Innovation Zone) at COP28 in the UAE, David Howden, founder and CEO of global insurance broker Howden, discussed the power of the private sector to protect vulnerable countries against the impacts of climate change and unlock investment in their ... Read the full article
Howden unveils primary cyber & technology E&O facility with Lloyd’s
24th November 2023
Global broker Howden has announced that it has launched a new primary cyber and technology errors & omissions (E&O) facility. The facility has been developed in conjunction with the Lloyd’s Insurance Company According to the announcement, the product has been designed for a wide range of cyber and technology risks across 14 different ... Read the full article
Risk sharing systems can scale up L&D funds to support climate vulnerable countries: report
21st November 2023
The world’s most vulnerable countries could lose over 100% of GDP in 2024 from climate related disasters that are insurable, according to research from the Cambridge Institute for Sustainability Leadership (CISL) and broking group Howden, which also demonstrated the transformative economic efficiency of risk-sharing systems to provide these countries with ... Read the full article
Howden Tiger names Martin Ford as Executive Director
17th November 2023
Howden Tiger, the reinsurance broking arm of the global insurance group Howden, announced the appointment of Martin Ford as Executive Director. Based in London, Ford will be reporting directly to Managing Director Paul Esterbrook. Ford brings with him a wealth of expertise, having spent the last 26 years at Gallagher Re, formerly ... Read the full article
Howden names Jean Bayon de La Tour as International Head of Cyber
16th November 2023
In a strategic move to bolster its position in the face of escalating cyber threats, Howden, the global insurance group, has appointed Jean Bayon de La Tour as the International Head of Cyber, effective immediately. This appointment marks a significant milestone in Howden's initiative to attract top-tier broking talent, aligning with ... Read the full article
Bertagna to lead MGA division of Howden’s reinsurance arm in Europe
7th November 2023
Howden, the global insurance group, has appointed Enrico Bertagna as Managing Director, leading the MGA division of its reinsurance arm in Europe. According to the firm, this appointment bolsters its MGA/Programme broking business, which currently places a combined $6 billion of GWP, and positions it to "grow significantly in Europe." Elliot Richardson, ... Read the full article
Howden expands Latin American presence with acquisition of Contacto
3rd November 2023
Global insurance group, Howden, has announced its acquisition of Contacto Corredores de Seguros S.A (Contacto), a leading insurance broker in the Peruvian market. This strategic move is part of Howden's plan to extend its footprint in Latin America, enhancing its ability to serve clients in the region. Founded in 1984 by Maximiliano ... Read the full article
Howden Scotland acquires Glasgow-based Neilson Laurence & Neil
3rd November 2023
Howden Scotland, formerly known as Bruce Stevenson, has acquired Neilson Laurence & Neil, a UK business insurance specialists based in Glasgow, expanding its footprint in the country. This acquisition represents the first major transaction for Howden Scotland since adopting the Howden brand. Through the acquisition, Neilson Laurence & Neil will fully integrate ... Read the full article
Howden CAP appoints new Executive Director, Balance Sheet Advisory & Structuring
25th October 2023
Global insurance brokerage Howden has appointed Alan McNamara as Executive Director, Balance Sheet Advisory & Structuring for Howden CAP, its capital, advisory and placement business. McNamara will join Howden after the completion of contractual obligations to his present employer at the end of 2023. He will be based in Dublin and will ... Read the full article
Howden expands presence in Luxembourg & Belgium with two acquisitions
24th October 2023
Global insurance group, Howden, has established a retail presence across Luxembourg through its acquisition of the portfolio of United Brokers S.A. (United), and has also strengthened its position in Belgium with the acquisition of WDR Insurance Group BV (WDR). Both of these acquisitions reflects the company's ongoing strategy to invest in ... Read the full article
Howden launches Climate Parametrics practice
17th October 2023
Howden has announced the creation of Howden Climate Parametrics, a global practice that "brings together (re)insurance, climate, and data expertise to focus parametric risk transfer solutions on meeting the escalating demand for climate de-risking capabilities across industries, financial markets, and the public sector." Co-chairs Philipp Kusche, Global Head of Insurance-Linked Securities ... Read the full article
Insurance innovation hub Howden Ventures launches with £500m underwriting capacity
16th October 2023
Global insurance group Howden has unveiled an innovative venture known as Howden Ventures, pending approval from Lloyd's, aimed at accelerating insurance product development. Described by the broker as a world-first insurance innovation hub, the initiative launches with £500 million in delegated underwriting capacity and seeks to become an investment and risk ... Read the full article