Reinsurance News
Howden
Direct & fac market proves resilient at Jan 1: Howden
5th January 2023
The global direct and facultative (D&F) market remained resilient at the January 1 reinsurance renewals, Howden reports, with capacity still available at the right price for most cedants, despite the challenging backdrop. The broker notes that a myriad of events came together to drive the hardest property catastrophe reinsurance market ... Read the full article
Aston Lark expands UK presence with two new regional offices
5th January 2023
Insurance broker Aston Lark, a Howden company, is expanding its UK footprint by opening two new regional offices. The new offices will provide additional in-person support for clients, as well as more opportunities for for both employees and emerging talent. The new offices will be in South Wales and the Thames Valley, ... Read the full article
Multi-decadal high reinsurance rate rises achieved at Jan 1, says Howden
3rd January 2023
A myriad of events came together and drove the hardest property catastrophe reinsurance market in a generation at the key, January 1st, 2023, reinsurance renewals, with structures and coverage terms at the forefront of negotiations, according to re/insurance broker Howden. The coalescence of geopolitical and macroeconomic shocks, the ongoing war in ... Read the full article
Howden acquires Spanish broker, March Risk Solutions
30th December 2022
Insurance broker Howden has acquired 100% of Spanish insurance broker March Risk Solutions (March R.S.) and has signed an alliance with Banca March, March R.S.’s parent company and one of the region’s pre-eminent investment banks. Following the purchase, Howden Iberia will exceed €100 million in revenue, as well as €700 million ... Read the full article
Howden acquires TV & film broker Assimovie in Italy
23rd December 2022
International insurance broker Howden has announced plans to acquire Assimovie, a television, film and advertising insurance broker in Italy. The acquisition will make Howden the largest TV and Film production broking house in Italy and represents its ambition to expand its Sport and Entertainment operations in Europe. Founded in 2013 by Valeria ... Read the full article
Aston Lark acquires trade book from Navigators & General
14th December 2022
Howden subsidiary Aston Lark has acquired the commercial direct marine trade book from Navigators & General (N&G), part of Zurich UK, in order to expand its range of insurance products for the marine community. According to the firm, the acquisition of the commercial direct marine trade book from N&G will allow ... Read the full article
Howden names Marc Lehmann Head of Climate Analytics
14th December 2022
International insurance broker Howden has announced the appointment of Marc Lehmann as Head of Climate Analytics. Lehmann brings an array of both modelling and engineering experience to the role, having previously held senior Catastrophe, ESG, Climate Risk, and Climate Change resilience positions at KPMG, AIG and WTW. He joins Howden from Jupiter ... Read the full article
Howden names Ivo Gugolz CEO for Reinsurance, Switzerland
6th December 2022
International insurance broker Howden has hired Ivo Gugolz from Aon, as its Chief Executive Officer for Reinsurance in Switzerland, to be effective April 1st 2023. According to the broker, Gugolz appointment signals a further European focus for Howden in reinsurance, as with this senior hire the company has secured a well-known ... Read the full article
Howden & Fidelis study shows ESG ratings lead to improved underwriting
2nd December 2022
A joint study between international insurance broker, Howden and leading specialty insurer and reinsurer, Fidelis, shows that higher ESG ratings lead to better underwriting performance. The study of loss ratios across 30,000 policies from both Howden and Fidelis’ datasets, comprising a premium value of around $9 billion against third party ESG ... Read the full article
Howden completes acquisition of AlphaXO Risk Partners
2nd December 2022
Insurance broker Howden has increased its shareholding to 100% in AlphaXO Risk Partners (AlphaXO), a specialty insurance broker headquartered in Sydney. AlphaXO’s leadership will remain unchanged, with Andrew Glover continuing to serve in his role as Managing Director. Established in 2007, AlphaXO is one of the Pacific region’s foremost specialist insurance broking ... Read the full article
Reinsurers face “generational opportunity,” if they can deploy: Howden’s Michelle To
29th November 2022
Michelle To, Head of Business Intelligence at international insurance broker Howden, has asserted that the current pricing environment presents “generational opportunities” for those reinsurers that are able to deploy capital efficiently. Speaking as part of a Q3 insurance and earnings update, To concluded that pricing dynamics are “creating a healthier forward ... Read the full article
Howden CEO predicts $2bn of private-funded disaster insurance capacity over next five years
29th November 2022
A new article by David Howden, founder and CEO of the Howden Group, says that forecasts that $2bn of private funded disaster insurance capacity can be delivered in the next few years. Writing on LinkedIn, Howden said that he believes that this extra capacity can be delivered within the next three-to-five ... Read the full article
Reinsurance returns to rise as sector runs counter to global economy: Howden’s Flandro
23rd November 2022
Analysts at international insurance broker Howden are forecasting that reinsurance sector returns will rise significantly in the next few years, with the sector set to grow in spite of – or perhaps even because of – the deteriorating global economic picture. Speaking as part of a Q3 insurance and earnings update, ... Read the full article
Aston Lark Ireland expands with new acquisitions
14th November 2022
Aston Lark Ireland, a Howden company, has announced the acquisition of William Lyons Insurances and wholly owned subsidiary J.C. Daly Insurances. In the announcement the broker said it had agreed the terms of the acquisition and added that it is subject to approval. Robert Kennedy, Aston Lark Ireland CEO, said: “I’m delighted ... Read the full article
Howden names Mike Godfrey as Head of Equine division
19th October 2022
Insurance broker, Howden has appointed Mike Godfrey as Executive Director and Head of its Equine division, part of its Sports & Entertainment practice. Godfrey will commence employment at Howden subject to completion of his contractual obligations. Within this role, he will be based in London and will report to Duncan Fraser, Global ... Read the full article