Howden
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The broker will join Ron Borys’ financial lines team. -
The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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The London MGA is considering various options, including a minority investor.
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Plus, the latest people moves and all the top news of the week.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The broker will report to Howden US CEO Mike Parrish.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Plus, the latest people moves and all the top news of the week.
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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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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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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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She previously served as Hub’s North American casualty practice leader.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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Howden’s portion of the US retailer’s premium is in particular focus.
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Plus, the latest people moves and all the top news of the week.
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Global pricing is now 22% below the mid-2022 peak.
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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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The acquisition furthers Howden’s expansion into the US retail space.
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The Howden MGA established its marine presence in the Netherlands in 2023.
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Rates will remain elevated in a period of structurally higher risk premia.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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Company said defendant ‘distraction’ can’t make up for flimsy arguments.
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Insight into the state of the insurance M&A market, powered by this publication's deal database.
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The broker has a longstanding trading relationship with US retailer Alliant.
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Parrish, now Howden US CEO, and his colleagues said they didn’t violate contracts.
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Plus, the latest people moves and all the top news of the week.
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The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
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A key hearing in the poaching case is set for 4 September in New York.
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US retailers have various levers to pull to put pressure on potential new competitors.
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Bartlett is the latest in a series of talent moves in the construction market.
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The move is a retaliation to Howden’s US retail launch.
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Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
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The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.
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Plus, the latest people moves and all the top news of the week.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Group CEO David Howden says: ‘Our doors are open’.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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Plus, the latest people moves and all the top news of the week.
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The broker is looking to move as much of the book away from its adversary as possible.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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Plus, the latest people moves and all the top news of the week.
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The broker’s planned US talent raid is in keeping with its audacious history.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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Dual’s Luke Browne will join Consilium Risk Solutions.
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The expansive broker now employs over 450 people in Japan, after launching there in 2024.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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Shuker was CEO of A-Plan when Howden acquired the firm in 2021.
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The Lloyd’s business secured a $90mn investment from Alchemy in 2021.
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The broking CEO was honoured for services to the insurance industry.
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Working out ROI on sponsorship deals is difficult, but the sport is beloved by insurance brands.
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Howden recently expanded in South America with the takeover of Contacto and Innova Re.
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In 2024, MGA GWP reached approximately $20bn in Europe.
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The driver of growth has shifted from rate to volume, as pricing increases tail off.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The broker called on carriers to expand coverage into new specialisms.
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The syndicate-in-a-box is the first Lloyd’s syndicate to operate outside London.
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The executive will oversee Howden Re’s treaty and fac business in Miami.
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The broker said the burgeoning class of business was still finding its stride.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
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The facility will provide capacity from a tracker unit, as well as quotes using Ki technology.
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The 1 April renewals are the key date for Japanese treaty.
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An issue has emerged in diligence, and Howden has a complex consortium to align.
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Caution around economic volatility wrought mixed outcomes in specialty re.
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Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.
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The London D&F market will shoulder most of the losses.
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There has been plenty of talent churn in the transactional risks space lately.
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Plus, the latest people moves and all the top news of the week.
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The broker CEO explained talent is what drives organic growth.
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The group’s revenues expanded by 23% to more than £3bn for the year to 30 September 2024.
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WTW’s ownership of Miller may offer a cautionary tale for the US retail-London wholesale group structure.
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Earlier this month this publication revealed Howden’s $2bn+ fundraising talks with Mubadala to fund a US deal.
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CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.
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The pool services a number of public authorities in California.
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The new European A&H business will be led by Samia Baliad, who joins the company from Axa.
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Innovation will become more important to sustain strong results absent pricing tailwinds.
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The path to Howden’s new era is steep – but the opportunity is vast.
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The $2bn+ raise would likely rest on the base case of an IPO in the medium term.
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Reserves are likely to be set following initial court rulings this year.
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Attachment points are unlikely to return to pre-correction levels any time soon.
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The broker has placed Rethink staff under consultation, sources said.
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The brokers will focus on cross-border, high hazard risks.
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Thomas Kroely will initially focus on supporting the broker’s European expansion.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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The broker’s US retail foray will throw the cards in the air. Where might they land?
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The pair will report to Imea CEO Julian Samengo-Turner.
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The broker will join the marine liability team within the new Ken Syndicate 3832.
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The loss ends a spell of benign claims activity in the downstream segment.
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The smart-follow unit was launched as part of Howden’s HX in 2020.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
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Construction rates remain stable with some talk of potential softening.
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The executive has held senior alternative capital roles at Aon and Guy Carpenter.
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The CEO said the broker can now hold its own “with any client, anywhere”.
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The duo will be reunited with former colleague Tim Martin.
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The July downtime will increase relevance, demand and innovation for the market.
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He will focus on the London and US markets, including the placement of consortia and binders.
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The move comes amid elevated personnel movement in the energy sector.
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The broker warned that D&O and P&C policies could also be impacted by the outage.
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The US property catastrophe broker is esteemed among peers.
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The broker will work to support US client retention and business growth.
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Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.
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The broker’s energy division has welcomed a string of hires in the past year.
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Former Guy Carpenter Japan president Kentaro Tada joins as CEO of Howden Japan.
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Improved cyber hygiene and strong insurer competition has driven rate reductions.
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Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.
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The new hires include ex-Liberty underwriter Mike Hart and Gallagher partner Matthew Giddings.
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The placement follows the launch of a carbon capture and storage facility in January.
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Paul Hipson will take responsibility for the existing London broking team.
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Gareth Davies joins from Price Forbes Re, where he was managing director of parametric solutions.
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The CEO said the firm’s future US operation will not be run by ‘Englishmen in raincoats’.
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The appointment will see the industry veteran coming out of retirement.
