Howden
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Pricing in the D&O market is starting to flatten after several years of steep decreases. -
The broking group also increased its euro loan by EUR160mn to EUR1.16bn.
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Rowan Douglas steps down as Howden climate risk CEO, stays on as senior adviser.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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The transaction is expected to close early in the first quarter of 2026.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
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A motion by defendants to dismiss the case was also denied.
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The move comes after the withdrawal of a complaint in the Delaware court.
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A New Jersey judge also refused to grant WTW’s request for a restraining order.
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Marsh is also suing a second tier of former Florida leaders.
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The broker will join Ron Borys’ financial lines team.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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The London MGA is considering various options, including a minority investor.
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Plus, the latest people moves and all the top news of the week.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Howden is facing fallout from its push into the US retail market via mass hires.
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The broker will report to Howden US CEO Mike Parrish.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
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Plus, the latest people moves and all the top news of the week.
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Willis claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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She previously served as Hub’s North American casualty practice leader.
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Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
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Howden’s portion of the US retailer’s premium is in particular focus.
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Plus, the latest people moves and all the top news of the week.
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Global pricing is now 22% below the mid-2022 peak.
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The executive met with UK colleagues to discuss plans for the US business.
