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.
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
Howden appoints Swiss Re’s Azman Noorani as Global Practice Leader, Surety
3rd December 2024
Global insurance intermediary group Howden has announced the appointment of Azman Noorani as Global Practice Leader, Surety, effective 1 November 2024. Noorani will report to Mark Wood, Head of Global Specialty Practices, and will lead Howden’s new Global Surety Practice. This initiative aims to expand on Howden’s existing surety capabilities, offering ... Read the full article
Howden adds two new executives to A&H, Life, and Special Risks team
29th November 2024
Global insurance intermediary group Howden has announced the appointment of Claire McDonagh and Mariana Weigel Munoz to its Accident & Health, Life, and Special Risks team. In their new positions, McDonagh’s and Weigel Munoz’s primary focus will be to enhance Howden's direct and facultative offerings, especially for complex, cross-border, and high-hazard ... Read the full article
Cyber-attacks cost UK businesses £44bn in last five years: Howden
25th November 2024
Half (52%) of UK businesses, representing 1.3 million private sector companies, have endured at least one cyber-attack in the past five years, equating to £44 billion of lost revenue, according to Howden, the international insurance intermediary group. New research published by Howden reveals that businesses with an annual revenue of over ... Read the full article
Insurance is vital to accelerating climate finance: Howden
13th November 2024
A new whitepaper released by re/insurance broker Howden in partnership with Boston Consulting Group (BCG), has highlighted how the role of insurance has largely been a blind spot in strategic conversations around climate and nature finance, and how the entire insurance value chain can be mobilised to deliver the 2030 ... Read the full article
Howden strengthens Hong Kong presence with Storfield acquisition
12th November 2024
Howden, a global insurance intermediary group, has acquired Storfield Insurance Consultants Ltd (Storfield), a specialist in general insurance for small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients. This acquisition strengthens Howden’s presence in Hong Kong, expands its reach across Asia, and underscores its commitment to investing in specialty services for clients in ... Read the full article
Howden launches new cyber insurance solution backed by Mosaic, Chubb and LSM
31st October 2024
Global insurance intermediary group Howden has launched Howden Safe+, a cyber insurance solution developed in partnership with Safe Security aimed at clients with revenues between $250 million and $2 billion. Backed by Mosaic Insurance, Chubb and Liberty Specialty Markets, Howden Safe+ reportedly enables quicker risk assessment without compromising coverage quality. Clients are ... Read the full article
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