Howden

Howden’s reinsurance unit has once again hired extensively from its larger rival in a move likely to spawn further litigation.

The appointment comes as the legacy and investment banking divisions join under common management.

With brokers shifting to new providers to place certain classes, and competition among e-trading firms intensifying, the placement platform landscape has reached a crucial turning point.

Minesh Jani will report to Bradley Maltese, CEO of international and global specialties.

The companies did not disclose whether any money exchange hands as part of the agreement.

The transaction has been executed by Howden Germany’s specialty broker Howden Caninenberg.

The business is being advised on the potential transactions by Howden.

The broker said that rates were falling but remained well above soft market levels.

The broker’s London market specialty unit is on the brink of closing a deal with Whitespace to place North American casualty risks on the e-placement platform.

Insurance Insider reported last year that the bloodstock team had resigned en masse to join Howden

The broker is looking to embrace forms of data integration ahead of the Blueprint Two reforms at Lloyd’s.

Throughout his career, James Matusiak also worked at RenRe, PXRE, PWC Bermuda and Guy Carpenter.