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The EUR100mn+ Ebitda firm is courting both PE and trade suitors. -
Ben Hanback joins from Aon, where he spent almost a decade.
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Lloyd’s investment vehicles have been shelved in past years but a strong run of returns is creating interest.
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Property pricing fell by 8%, while casualty rate increases tapered to 3%.
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The financial services growth strategy could be “turbo-charged” by involving brokers, it said.
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Part five in our series looks at how AI can empower brokers to add value as well as speed.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The London-based executive will relocate to Daytona Beach, Florida.
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EMEA CEO Laurent Rousseau said reinsurance must retain its relevance to investors.
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The broker will report to Howden US CEO Mike Parrish.
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David Bell has held aviation roles at Marsh, AIG, Gallagher Re and Aon.
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Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening.
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Rachel Turk was speaking on an Aon Reinsurance Renewal Season panel.
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Nine-month insured losses still exceeded $100bn due to California wildfires.
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The facility provides coverage for property, terrorism, energy, construction and utilities risks.
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The broker’s new business and client services division is targeting $400mn of savings.
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Earlier this week, the broking house announced a rebrand to Marsh.
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Debbie Hobbs joined Miller in 2021 from EmergIn Risk.
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Though wildfire losses are up, total losses are the lowest since 2015.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Guy Carpenter will rebrand as Marsh Re, as a new central tech/operations unit is created.
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The group will join forces with SRG subsidiary Miles Smith.
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The European broker said a London wholesaler is the ‘missing piece’ of its strategy.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Neil Ross was also appointed CUO for the broker’s MGA.
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The London-based pair will report to commercial risk UK CEO Rob Kemp.
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Clear Blue originally filed the suit in late 2023, alleging reckless conduct and misrepresentation.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Insurer results and 1.1 reinsurance renewals will shape the trajectory of 2026.
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Property underwriters are ‘competing fiercely’ to access mining risks.
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As both carriers and reinsurers deal with softening markets, all eyes are on hurricane-prone areas.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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Joel Hodges will run the international business as managing director.
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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation.
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The aviation market has experienced a run of large losses this year.
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Plus, the latest people moves and all the top news of the week.
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The executive has worked at Aon for almost two decades.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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Stephan Simon left BMS in June 2024 after almost three years in the role.
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The facility will initially focus on US, Bermudian and European business.
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She previously served as Hub’s North American casualty practice leader.
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The Bermuda-based executive joined the Ardonagh Group’s reinsurance broking arm in March 2023.
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Cyberattack/data breach remains in the top slot.
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Current backer JC Flowers will retain its holding and the cash will fund a Bermuda acquisition.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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Susan Langley will look to strengthen global business ties and promote UK growth.
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According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
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Howden’s portion of the US retailer’s premium is in particular focus.
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Marlon Williams will focus on the placement of reinsurance and retro business.
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The deal will be watched closely by Radian’s handful of similar peers.
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Sean McGovern will step down from the role in December.
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The hire comes as Guy Carpenter fills the void created by the Willis Re raid earlier this year.
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The Corporation’s chair reiterated its aim to reduce the cost of doing business.
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The sponsorship deal comes ahead of the Winter Olympics and Paralympic Games next year.
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Global pricing is now 22% below the mid-2022 peak.
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The market turn may give some staff pause for thought, but reward remains high.
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The broker’s headline Ebitda was $20mn, up from $5.6mn in 2023.
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The executive met with UK colleagues to discuss plans for the US business.
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The change in reinsurance intermediary follows an RFP for the account.
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Part four looks at how the talent landscape will shift in response to AI introduction.
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Lockton Re has predicted major growth in the global cyber insurance market.
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The acquisition furthers Howden’s expansion into the US retail space.
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More general issues at recruitment level include drawing from too narrow a pool.
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The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
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The broker said insurers were facing increasing pressure to improve financial performance in claims.
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The measures also seek to encourage greater wildfire mitigation efforts.
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Age has not been addressed as much as other areas of diversity, the panel said.
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Chris Eaton and Bill Moret gave their notice last week without specifying their destination.
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Her predecessor will become head of US excess casualty and operations.
