Howden
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The broking group will soon target US retail broking, as well as continuing team lifts and looking for international mega deals. -
Howell joins after a 22-year long tenure at Marsh, currently holding the position of MD and global service leader in its risk management practice.
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The firm also announced the creation of Howden Deutschland, appointing newly minted CEO Holz to its board alongside other key appointments.
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The previous Aston Lark CEO will be responsible for supporting the leadership team to build out the broker’s geographic reach and product expertise.
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Sources suggested the equity was raised at a valuation in excess of 16x Ebitda.
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The latest round of hires marks a continuation of the broker’s expansive and rapid talent acquisition.
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Colin Reddy joins from Mizuho Financial Group, where he was responsible for the financial institutions Debt Capital Markets team.
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The situation has echoes of the previous legal clash between the brokers over the Bradley Maltese-led defection.
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SRCC losses have now also surpassed other classes of political violence insurance claims, with more than $10bn since 2015, compared with $1bn for terrorism.
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The later notification trend means the impact of bumper M&A year 2021 on the warranty market has yet to fully materialise.
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The Stockholm-based leader is the latest to depart amid multiple European defections.
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Growth in renewable energy is anticipated to be achieved through new business rather than rate change.
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