Howden Tiger names Ronda CEO and Bredahl Capital Markets executive chair
Howden Tiger has named current president Tim Ronda as its new CEO, with Rob Bredahl moving to become executive chair of Howden Tiger Capital Markets.
Ronda will assume the position from the beginning of 2024, reporting directly to Howden CEO David Howden.
The executive will continue to work closely with Bredahl and Elliot Richardson, who will both work as co-vice chairs, with Rod Fox remaining executive chairman. Bredahl is moving from his current position as CEO of Howden Tiger.
Howden said that in his new role leading Howden Tiger Capital Markets, Bredahl will retain a “pivotal position” in the business, with more time to dedicate to clients and the capital markets proposition. Jarad Madea remains CEO of Capital Markets.
The leadership change comes after Howden completed its landmark $1.6bn acquisition of TigerRisk in January, establishing Howden as a major player in the reinsurance broking space.
Ronda joined TigerRisk in October 2021 from Aon, where he had risen to the position of global geographic leader for reinsurance solutions.
In addition, the executive was president of Aon’s reinsurance solutions for the US and served on the global executive committee.
Prior to Aon, he was a senior vice president at Guy Carpenter.
In its announcement today on the leadership reshuffle, Howden Tiger said it now had a combined reinsurance revenue of almost $450mn.
Since the acquisition, the broker has pursued an aggressive talent acquisition strategy, most notably a major team lift from Guy Carpenter’s European operations, including CEO Massimo Reina.
Executive chair Fox said: “We are fielding a team that have not only strength, full spectrum geographical reach and depth of expertise across fac, treaty, MGAs, capital markets and advisory, but also a sense of collaboration and infectious energy that will power us forward for our clients.
“Tim will lead us as we invest to create a different breed of global player.”
CEO Howden added: “When we signed the agreement to bring Howden Re and Tiger Risk together, we knew that we were creating something special.
“The market could feel the energy too, and so could the talent who continue to join us as we deliver on a clear ambition to be the fresh and dynamic alternative on a global scale.”