Howden
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Howden’s latest purchase boasts expertise in the jewellery and financial institutions insurance sectors.
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The expansive intermediary this morning reported 19% organic growth for the year to 30 September 2021.
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Expansive intermediary Howden Group reported 19% organic growth for the year to 30 September 2021, as well as a 48% increase in revenue to £1.15bn ($1.57bn).
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Richard Pike joins Howden Re from Berkley Re, where he was responsible for regional ceded reinsurance.
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Property cat rate increases this January were double those of last year and the highest since 2014.
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European loss experience drove the firm’s index back in line with 2014 levels.
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The placement is the first delegated underwriting authority consortium as well as the first consortium supporting SIAB.
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The number of notifications made in the first 18 months of a policy has slipped to 62% in 2021, a big step down from the 90% made in 2020.
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A new report sets out how to scale insurance and capital for environmental protection projects, for a sector estimated to reach $50bn in size by 2030.
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Howden’s latest acquisition is its eighth since mid-August.
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David Howden lamented the lack of start-up brokers in the market at Insurance Insider’s London Market Conference.
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Speaking at an Insurance Insider panel event on the future of the market, Axa XL CEO Sean McGovern said the industry should focus less on “recycling” existing talent.
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