Howden
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Safeonline CEO Chris Cotterell becomes chairman of Howden’s cyber division. -
The follow-only syndicate has carved up most of its 2021 capacity among leading Lloyd’s intermediaries.
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Ki, Howden and Hyperion X will develop a placement procedure allowing for the instant commitment of follow capacity.
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The name change will bring 'simplicity and authenticity', the company said.
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The new hire previously worked as the financial institutions product head at Chubb.
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The Hyperion business will merge its existing Ordás broking platform in Mexico with the retail intermediary.
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The Hyperion CEO says backing from three institutions plus employee ownership creates “a new financial model”.
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The acquisition brings Howden’s law firm clients to over 1,000.
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The Hyperion CEO says the takeover provides a route to regional broker M&A.
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The near-£700mn deal, revealed by this publication yesterday, represents Hyperion’s first piece of big-ticket M&A since its 2015 move on RKH.
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The research firm puts average Covid-19 losses as a percent of net earned premium at 4.4% in the first half.
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The firm's managing director says pandemic losses appear to pose no existential threat to the sector.
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