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 Re calls for public-private collaboration to bridge California’s protection gap
11th February 2025
Following the California wildfires, Howden Re, the global reinsurance, capital markets, and strategic advisory arm of Howden, has released a protection gap-focused report emphasising regulatory reforms, risk-based pricing, enhanced risk mitigation, and public-private collaboration as the "only viable path" to restoring stability in the state's insurance market. As per the report, ... Read the full article
Howden launches new UK renewable energy quote and bind platform
10th February 2025
Howden’s Power & Renewable Energy team has launched a UK quote and bind platform, fully accredited by Lloyd’s and exclusive to Howden’s retail network. Announced in a recent LinkedIn post, the platform is backed by London insurers with capacity of up to £100 million per declaration. This facility offers Howden’s clients a ... Read the full article
Howden reports revenue of £3bn in 2024 with 30% organic reinsurance growth
5th February 2025
Howden has disclosed that adjusted revenue grew by 23% to £3.01 billion in 2024, with organic growth of 30% in its reinsurance segment, driven by a strong performance of the Treaty business across London and North America, Howden Re Programs and binder business. According to the firm, new talent contributed much ... Read the full article
Re/insurance broker Howden in talks to buy Risk Strategies, reports Bloomberg
3rd February 2025
Global insurance and reinsurance broking group Howden is reportedly in talks to acquire US insurance broker and risk management firm Risk Strategies, according to Bloomberg. Talks regarding the acquisition of Risk Strategies, which is ultimately backed by private equity firm Kelso & Co., are ongoing, but sources familiar with the matter ... Read the full article
Steve Hutchinson joins Howden Hong Kong as Chief Broking Officer
27th January 2025
Global insurance and reinsurance broking group Howden has appointed Steve Hutchinson as Chief Broking Officer of Howden Hong Kong, reporting to Alfred Sham, Chief Executive Officer (CEO), Howden Hong Kong, effective immediately. Hutchinson will play a critical role in shaping the strategic direction of Howden Hong Kong. This is a part ... Read the full article
Howden Re welcomes Aon’s Hatch as Director, International Facultative
24th January 2025
Kelly Hatch, a property re/insurance broker with extensive expertise in Asia Pacific property placements, has joined Howden Re as Director, International Facultative. Hatch’s new role will focus on providing innovative reinsurance solutions that deliver exceptional client value, primarily in the APAC region. He will also contribute to the growth of Howden ... Read the full article
Philipp Kusche named Chairman of Howden Capital Markets & Advisory Europe in expanded role
16th January 2025
Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) arm of the re/insurance broker, has announced that Philipp Kusche will expand his role as Global Head of ILS to include Chairman of HCMA Europe. In this expanded role, Kusche will further support both global and local expertise ... Read the full article
Haakon AG becomes Howden Re Switzerland
15th January 2025
Global insurance and reinsurance broking group Howden has welcomed Haakon AG into its collective power under the name Howden Re Switzerland. Haakon AG, a specialised international reinsurance broker headquartered in Switzerland, was acquired by Howden in December 2023. This marks the final step in its transition to the Howden brand. Ivo ... Read the full article
Capital supply was sufficient to meet demand for most placements at 1.1 casualty renewals: Howden
10th January 2025
Differentiation was a key focal point leading up to the 1.1.2025 casualty reinsurance renewals, however, whilst there was a considerable focus on litigation risk and loss cost trends in the US, outcomes were reportedly determined by loss experience, underlying rate change and reserve development on individual portfolios, according to broker ... Read the full article
Rates-on-line for retro cat XoL fall 10-20% at 1.1 2025, says Howden
6th January 2025
According to Howden's 1.1 2025 renewals report, risk-adjusted retrocession catastrophe XoL rates-on-line fell by between 10% and 20% at the January reinsurance renewals, as a result of trapped capital stemming from Hurricane Milton being negligible and supply dynamics increasingly favouring buyers as additional capacity entered the market. The broker explained that ... Read the full article
Cyber reinsurance market increasingly mature and efficient: Howden
3rd January 2025
The 1 January 2025 cyber reinsurance renewals progressed smoothly, with some notable price moderation, the entry of new reinsurers, and a growing focus on non-proportional products, reflecting an increasingly mature and efficient market, according to Howden's 1.1 renewal report. Reinsurance buyers benefited from favourable supply and demand conditions in 2024, driven ... Read the full article
Property cat reinsurance rates-on-line down 8% at 1.1 2025: Howden
2nd January 2025
According to global insurance and reinsurance broking group Howden, risk-adjusted global property-catastrophe reinsurance rates-on-line decreased by 8% on average at the January 1st, 2025, reinsurance renewals, in comparison to +3% that was recorded last year. In their January 1st 2025 reinsurance renewals report, Howden noted that demand at this years renewals ... Read the full article
Structural changes introduced during hard market likely to endure in 2025: Howden
2nd January 2025
According to Howden's 2025 market report, the January 1 reinsurance renewals experienced notable softening overall, reflecting strong price adequacy and reinsurers’ ambitions for growth. Howden explained that over the past 12 months, favourable supply dynamics have become increasingly apparent in both the commercial insurance and reinsurance markets. These dynamics were reportedly instrumental ... Read the full article
Rohan Bhappu to succeed Goh Chye Huat as CEO of Howden Asia
17th December 2024
Global insurance and reinsurance broking group Howden has appointed Rohan Bhappu as Deputy Chief Executive Officer (CEO), Howden Asia, reporting to current CEO of the business, Goh Chye Huat, effective June 2025, based in Hong Kong. Bhappu will become CEO of Howden Asia on October 1st, 2025, reporting to David Howden, ... Read the full article
UK SMEs plan to revamp employee benefits to address recruitment and workforce challenges
13th December 2024
A report by Howden Employee Benefits, in partnership with YouGov, reveals that 77% of UK small and medium-sized enterprises (SMEs) plan to update their employee benefits packages to attract and retain top talent, address workforce challenges, and tackle economic pressures. This emphasis on enhancing benefits, including preventative health and wellbeing solutions, ... Read the full article
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