Howden
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The launch comes after the unit created its MGA and programme business SabRe. -
In her new position, the executive will oversee the South American region, excluding Brazil.
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It is understood that Stuart Willcocks will join Howden in March as an executive director.
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The expansive intermediary, which completed its $1.6bn acquisition of TigerRisk earlier this month, also reported 19% organic growth for the second year running.
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The unit brings together the firm’s facultative, consortia, facilities expertise and specialty reinsurance capabilities.
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The executive worked at Howden’s office in south Florida for over two years, following a nine-year spell at Guy Carpenter.
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Matthew Strong spent three years at Marsh as CEO, credit specialties, UK & Ireland.
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Federico Casini spent 17 years at Aon, most recently as executive chairman.
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The deal propels Howden to become the fourth-largest global reinsurance broker.
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The intermediary recorded “one of the hardest reinsurance markets in living memory” as primary rate increases slowed.
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Howden has acquired a 100% stake in Spanish broker March Risk Solutions, in a deal that pushes the revenues of Howden Iberia to more than EUR100mn ($106mn).
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Marc Lehmann will be responsible for growing Howden’s climate risk analytics capabilities, by building new partnerships and informing insurance solutions.
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