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US wholesalers set to divert London business from Howden
Howden is facing fallout from its push into the US retail market via mass hires.
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Majority shareholder Fosun will continue to hold the remaining 86.7% of shares.
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The company noted tougher market conditions and higher large losses during the year.
Latest News
Latest news
A roundup of all the news you need, including KKR and Quadrantis’s new stakes in Peak Re.
The traditionally lucrative class has faced a series of challenges in the latest geopolitical crisis.
The hire follows the departure of David Martin to GIC Re Syndicate.
The London-based executive will relocate to Daytona Beach, Florida.
Opinion
Featured and most read
Featured and most read
Featured
Data challenges hold back digital follow growth: Aegis
The syndicate says it will not set any top-line targets on digital follow strategies.
Most read
Analysis
Analysis
Insurance grad vacancies were down 18% year-on-year in the UK, ahead of a 3% nationwide drop.
Differentiating Lloyd’s claims performance could help drive business to the market.
Carriers are rethinking the traditional renewal-rights model.
Despite a rocky H1, 2025 insured losses from nat cat events may not surpass 2024 levels.
Interviews
Interviews
The CEO said that IGI’s action within its PI book showed it was ready to walk away from unprofitable business.
The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
The MGA is also looking to build out its US mid-market professional liability expertise.
As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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