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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese. -
Staff targeted include producers that channel business through Howden’s London wholesale arm.
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PE owner Livingbridge brought the broker to market two years ago.
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The firm is currently working with 13 MGAs, including QMetric and Eaton Gate.
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Plus, the latest people moves and all the top news of the week.
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The insurer is weighing up options including entering new geographies and M&A.
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Wind season remains an important variable, but also might not change current dynamics significantly.
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The reinsurance unit’s combined ratio for the quarter was 94.2%.
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