Howden
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The broker has been adding to its capabilities in the region. -
Rising legal costs show the risk of Howden’s growth-hungry approach.
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The CEO said long-term backers give the company confidence.
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David Shalders will be based in London and report to CEO David Howden.
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The broking group aims to release cash and facilities for investment.
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The facility provides cover for environmental damage and loss of revenue.
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Swiss Re will transfer its Genoa-based hull business to Dual Europe and provide the MGA with underwriting capacity.
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Property cat and casualty pricing remain steady following chaotic 2023 renewal, with global cat rates rising 3%.
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The acquisition was “amongst the most significant” the broker has made in Continental Europe, according to Howden.
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Wolfram Schultz joins from Axa Global Re, where he was head of underwriting and group protection liability and specialty.
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In one deal, JC Flowers-backed broker Oneglobal and Insuterch Floodbase announced a partnership to develop parametric flood insurance across Asia.
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