Howden
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The deal propels Howden to become the fourth-largest global reinsurance broker. -
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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The executive was CEO of reinsurance solutions at Aon Switzerland.
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The broker specialises in a broad range of marine coverage in the Pacific region.
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The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.
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David Howden said insurance protection made the global north more able to respond to catastrophes.
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Staff are following their former leaders Mike Godfrey and David Long to the General Atlantic, CDPQ and Hg-backed broker.
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The claim will add pressure to an already stressed downstream market facing resurgent loss activity.
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The bloodstock veteran joins from Tysers.
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David Long will be responsible for growing Howden’s bloodstock book across the UK, the US and Australasia.
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