Howden
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A fresh investor will be needed to put meaningful cash on the table for a US retail deal.
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Roth will be responsible for retroactive and prospective structured reinsurance.
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The appointment comes soon after the rebranding of the Richard Brindle-led business.
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The MSC Aries was seized on Saturday by the Islamic Revolutionary Guard Corps.
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The facility will offer up to $50mn of coverage per insured vessel.
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The broker was part of a mass resignation from Guy Carpenter last year.
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The broker said there was a ‘disparity’ in market response to war in the Middle East.
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Terrence McDowell has been appointed as a managing director in the UK.
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The broker has made a string of hires in its upstream energy division.
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Sarah Hughes was appointed CEO at Howden Specialty in October 2023.
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This follows the broker's rebrand in October last year.
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Insured losses from civil unrest have risen over the last decade to total $7bn in 2020-23.
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The team of brokers worked for the recently acquired Protean Risk.
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Leahy has worked in the London market for almost a decade.
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Estevam Souza joins from Sompo Seguros.
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He joins from Howden Tiger, where he was the international head of analytics.
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He succeeds WTW’s Alastair Swift, who has been chair since 2022.
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Royal and Underwood also join the capital, advisory and placement surety team.
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Arm is based in Guernsey and has a Bermudan management licence.
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The MGA has also hired Axa’s Rob Corner and IQUW’s Catherine Farnworth.
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Howden acquired a majority interest in Mexico’s Adrisa in 2020 and Grupo Ordas in 2017.
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The broker has been adding to its capabilities in the region.
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