Howden

The broker will report to Howden US CEO Mike Parrish.

After six years as CFO, Mark Craig is taking on the position of chief investment officer.

Manuel Perez will continue in his ongoing role as head of cyber for LatAm.

Plus, the latest people moves and all the top news of the week.

Willis claims at least two $1mn accounts were also unfairly lost to Howden.

The broker is understood to manage Brown & Brown’s account at Howden.

He had been head of markets at Howden Iberia.

Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.

Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.

She previously served as Hub’s North American casualty practice leader.

Abbas Juma has spent more than seven years at Howden M&A in various senior roles.

Howden’s portion of the US retailer’s premium is in particular focus.

Plus, the latest people moves and all the top news of the week.

Global pricing is now 22% below the mid-2022 peak.

The executive met with UK colleagues to discuss plans for the US business.

The change in reinsurance intermediary follows an RFP for the account.

The acquisition furthers Howden’s expansion into the US retail space.

The Howden MGA established its marine presence in the Netherlands in 2023.

Rates will remain elevated in a period of structurally higher risk premia.

In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.

Company said defendant ‘distraction’ can’t make up for flimsy arguments.

Insight into the state of the insurance M&A market, powered by this publication's deal database.

The broker has a longstanding trading relationship with US retailer Alliant.

Parrish, now Howden US CEO, and his colleagues said they didn’t violate contracts.

Plus, the latest people moves and all the top news of the week.

The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.

A key hearing in the poaching case is set for 4 September in New York.

US retailers have various levers to pull to put pressure on potential new competitors.

Bartlett is the latest in a series of talent moves in the construction market.

The move is a retaliation to Howden’s US retail launch.

Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.

The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.

Plus, the latest people moves and all the top news of the week.

The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.

CEO David Howden accused rivals of “restricting choice for their own clients”.

Group CEO David Howden says: ‘Our doors are open’.

The suit asserts the raid will cause “incalculable harm” to the broker.

Plus, the latest people moves and all the top news of the week.

The broker is looking to move as much of the book away from its adversary as possible.

The lawsuit claims more than 100 employees left with Parrish and his three reports.

Staff targeted include producers that channel business through Howden’s London wholesale arm.

Plus, the latest people moves and all the top news of the week.

The broker’s planned US talent raid is in keeping with its audacious history.

The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.

Dual’s Luke Browne will join Consilium Risk Solutions.

The expansive broker now employs over 450 people in Japan, after launching there in 2024.

The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.

Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.

Shuker was CEO of A-Plan when Howden acquired the firm in 2021.

The Lloyd’s business secured a $90mn investment from Alchemy in 2021.

The broking CEO was honoured for services to the insurance industry.

Working out ROI on sponsorship deals is difficult, but the sport is beloved by insurance brands.

Howden recently expanded in South America with the takeover of Contacto and Innova Re.

In 2024, MGA GWP reached approximately $20bn in Europe.

The driver of growth has shifted from rate to volume, as pricing increases tail off.

A 20% increase in FHCF retention levels sent cedants to the private market.

The broker called on carriers to expand coverage into new specialisms.

The syndicate-in-a-box is the first Lloyd’s syndicate to operate outside London.

The executive will oversee Howden Re’s treaty and fac business in Miami.

The broker said the burgeoning class of business was still finding its stride.

The UK broker is still in talks with Mubadala about a standalone investment in the business.

The facility will provide capacity from a tracker unit, as well as quotes using Ki technology.

The 1 April renewals are the key date for Japanese treaty.

An issue has emerged in diligence, and Howden has a complex consortium to align.

Caution around economic volatility wrought mixed outcomes in specialty re.

Sources said the Evercore-run Risk Strategies process has drawn the interest of Brown & Brown.

The London D&F market will shoulder most of the losses.

There has been plenty of talent churn in the transactional risks space lately.

Plus, the latest people moves and all the top news of the week.

The broker CEO explained talent is what drives organic growth.

The group’s revenues expanded by 23% to more than £3bn for the year to 30 September 2024.

WTW’s ownership of Miller may offer a cautionary tale for the US retail-London wholesale group structure.

Earlier this month this publication revealed Howden’s $2bn+ fundraising talks with Mubadala to fund a US deal.

CEO McManus vows broker “will not be silent” over “unlawful” competitor behaviour.

The pool services a number of public authorities in California.

The new European A&H business will be led by Samia Baliad, who joins the company from Axa.

Innovation will become more important to sustain strong results absent pricing tailwinds.

The path to Howden’s new era is steep – but the opportunity is vast.

The $2bn+ raise would likely rest on the base case of an IPO in the medium term.

Reserves are likely to be set following initial court rulings this year.

Attachment points are unlikely to return to pre-correction levels any time soon.

The broker has placed Rethink staff under consultation, sources said.

The brokers will focus on cross-border, high hazard risks.

Thomas Kroely will initially focus on supporting the broker’s European expansion.

Cybersecurity basics could reduce cyberattack costs by up to ~75%.

The broker’s US retail foray will throw the cards in the air. Where might they land?

The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.

The pair will report to Imea CEO Julian Samengo-Turner.

The broker will join the marine liability team within the new Ken Syndicate 3832.

The loss ends a spell of benign claims activity in the downstream segment.

The smart-follow unit was launched as part of Howden’s HX in 2020.

In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.

Construction rates remain stable with some talk of potential softening.

The executive has held senior alternative capital roles at Aon and Guy Carpenter.

The CEO said the broker can now hold its own “with any client, anywhere”.

The duo will be reunited with former colleague Tim Martin.

The July downtime will increase relevance, demand and innovation for the market.

He will focus on the London and US markets, including the placement of consortia and binders.

The move comes amid elevated personnel movement in the energy sector.

The broker warned that D&O and P&C policies could also be impacted by the outage.

The US property catastrophe broker is esteemed among peers.

The broker will work to support US client retention and business growth.

Arch, Axa XL, Beazley, Chubb, Hiscox, Howden, MS Amlin and TMK are participating.

The broker’s energy division has welcomed a string of hires in the past year.

Former Guy Carpenter Japan president Kentaro Tada joins as CEO of Howden Japan.

Improved cyber hygiene and strong insurer competition has driven rate reductions.

Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.

The new hires include ex-Liberty underwriter Mike Hart and Gallagher partner Matthew Giddings.

The placement follows the launch of a carbon capture and storage facility in January.

Paul Hipson will take responsibility for the existing London broking team.

Gareth Davies joins from Price Forbes Re, where he was managing director of parametric solutions.

The CEO said the firm’s future US operation will not be run by ‘Englishmen in raincoats’.

The appointment will see the industry veteran coming out of retirement.

Additional capacity for upper-layer coverage is driving rate reductions, the broker said.

Capital is looking for opportunities to build international specialty businesses out of EC3.

Axa XL’s product recall team was depleted after two senior underwriters resigned in January.

A fresh investor will be needed to put meaningful cash on the table for a US retail deal.

Roth will be responsible for retroactive and prospective structured reinsurance.

The appointment comes soon after the rebranding of the Richard Brindle-led business.

The MSC Aries was seized on Saturday by the Islamic Revolutionary Guard Corps.

The facility will offer up to $50mn of coverage per insured vessel.

The broker was part of a mass resignation from Guy Carpenter last year.

The broker said there was a ‘disparity’ in market response to war in the Middle East.

In this episode Insurance Insider lead reporter Rachel Dalton runs down the key highlights of the 1.4 reinsurance renewals as capacity returned to the market.

Terrence McDowell has been appointed as a managing director in the UK.

The broker has made a string of hires in its upstream energy division.

Sarah Hughes was appointed CEO at Howden Specialty in October 2023.

This follows the broker's rebrand in October last year.

Insured losses from civil unrest have risen over the last decade to total $7bn in 2020-23.

The team of brokers worked for the recently acquired Protean Risk.

The broker specialises in Norwegian business for Marsh.

Leahy has worked in the London market for almost a decade.

Estevam Souza joins from Sompo Seguros.

He joins from Howden Tiger, where he was the international head of analytics.

He succeeds WTW’s Alastair Swift, who has been chair since 2022.

Royal and Underwood also join the capital, advisory and placement surety team.

Arm is based in Guernsey and has a Bermudan management licence.

The MGA has also hired Axa’s Rob Corner and IQUW’s Catherine Farnworth.

Howden acquired a majority interest in Mexico’s Adrisa in 2020 and Grupo Ordas in 2017.

The broker has been adding to its capabilities in the region.

Rising legal costs show the risk of Howden’s growth-hungry approach.

The CEO said long-term backers give the company confidence.

The broker’s adjusted Ebitda rose by 30% to £780mn.

David Shalders will be based in London and report to CEO David Howden.

The broking group aims to release cash and facilities for investment.

The facility provides cover for environmental damage and loss of revenue.

Swiss Re will transfer its Genoa-based hull business to Dual Europe and provide the MGA with underwriting capacity.

Property cat and casualty pricing remain steady following chaotic 2023 renewal, with global cat rates rising 3%.

The acquisition was “amongst the most significant” the broker has made in Continental Europe, according to Howden.

Wolfram Schultz joins from Axa Global Re, where he was head of underwriting and group protection liability and specialty.

In one deal, JC Flowers-backed broker Oneglobal and Insuterch Floodbase announced a partnership to develop parametric flood insurance across Asia.

The executives will look to bring the company’s full suite of products to clients.

Other early users include Amwins, Aon, BMS Group, Consilium and Costero.

David Howden, founder and CEO of Howden, said his proposed method of minimising loss is “entirely non-political” and provides guaranteed funds, as well as certainty and the confidence to invest.

The product is led by Canopius and IQUW, with support from three other Lloyd’s insurance company markets.

The incoming cyber head was previously head of cyber for Marsh Europe.