Howden
-
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.
-
Rowan Douglas steps down as Howden climate risk CEO, stays on as senior adviser.
-
Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
-
Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
-
The transaction is expected to close early in the first quarter of 2026.
-
Sources said the deal will value the US M&A insurance broker at over $500mn.
-
Marsh has accused its former execs of flouting a preliminary injunction.
-
Marsh is also seeking expedited discovery in a related talent poaching case.
-
Parties will now brief on a request for a preliminary injunction on an expedited timeline.
-
A motion by defendants to dismiss the case was also denied.
-
The move comes after the withdrawal of a complaint in the Delaware court.
-
A New Jersey judge also refused to grant WTW’s request for a restraining order.
-
Marsh is also suing a second tier of former Florida leaders.
-
The broker will join Ron Borys’ financial lines team.
-
The broker said WTW hasn’t shown it was irreparably harmed by the defection.
-
APIP is one of the world’s largest property programs.
-
The London MGA is considering various options, including a minority investor.
-
Plus, the latest people moves and all the top news of the week.
-
Ben Hanback joins from Aon, where he spent almost a decade.
-
Howden is facing fallout from its push into the US retail market via mass hires.
-
The broker will report to Howden US CEO Mike Parrish.
-
After six years as CFO, Mark Craig is taking on the position of chief investment officer.
-
Manuel Perez will continue in his ongoing role as head of cyber for LatAm.
-
Plus, the latest people moves and all the top news of the week.
-
Willis claims at least two $1mn accounts were also unfairly lost to Howden.
-
The broker is understood to manage Brown & Brown’s account at Howden.
-
-
Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
-
Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
-
She previously served as Hub’s North American casualty practice leader.
-
Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
-
Howden’s portion of the US retailer’s premium is in particular focus.
-
Plus, the latest people moves and all the top news of the week.
-
Global pricing is now 22% below the mid-2022 peak.
-
The executive met with UK colleagues to discuss plans for the US business.
-
The change in reinsurance intermediary follows an RFP for the account.
-
The acquisition furthers Howden’s expansion into the US retail space.
-
The Howden MGA established its marine presence in the Netherlands in 2023.
-
Rates will remain elevated in a period of structurally higher risk premia.
-
In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
-
Company said defendant ‘distraction’ can’t make up for flimsy arguments.
-
Insight into the state of the insurance M&A market, powered by this publication's deal database.
-
The broker has a longstanding trading relationship with US retailer Alliant.
-
Parrish, now Howden US CEO, and his colleagues said they didn’t violate contracts.
-
Plus, the latest people moves and all the top news of the week.
-
The broker said 2026 will bring a “cautious but deliberate” aviation reinsurance environment.
-
A key hearing in the poaching case is set for 4 September in New York.
-
US retailers have various levers to pull to put pressure on potential new competitors.
-
Bartlett is the latest in a series of talent moves in the construction market.
-
The move is a retaliation to Howden’s US retail launch.
-
Layla O’Reilly and Mark Edwards are among the brokers leaving the firm.
-
The repricing on the broker’s $3.1bn term loan will save an estimated $8mn per year.
-
Plus, the latest people moves and all the top news of the week.
-
The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
-
CEO David Howden accused rivals of “restricting choice for their own clients”.
-
Group CEO David Howden says: ‘Our doors are open’.
-
The suit asserts the raid will cause “incalculable harm” to the broker.
-
Plus, the latest people moves and all the top news of the week.
-
The broker is looking to move as much of the book away from its adversary as possible.
