Howden
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Group CEO David Howden said the A-Plan acquisition brings further retail M&A opportunities.
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The intermediary recorded revenue of £777mn, with 6% Ebitda growth taking earnings to £223mn.
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Katie Small, Nick Gavin Powell and Michelle Suckling are set to join the business in the second quarter of this year.
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The entity will be led by former Marsh Pacific executives Andre Louw and Igor Fijan.
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The capital supports the MGA’s excess retro portfolio.
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Economic headwinds combine with high valuations to create greater impetus for intermediary sales. -
Retro rates are at an eight-year high, according to the broker.
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The client tool will provide real-time data on pricing, profits and claims.
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The firm says the appointment helps to position itself as a “challenger” in the segment.
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The unit will advise on M&A, capital raising and risk securitisation.
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Icelandic clients were previously serviced from Finland.
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The Howden analytics arm finds that Covid-19 contributed $26bn of 2020’s $95bnn insured losses at the nine-month stage.
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