Howden
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Attachment points are unlikely to return to pre-correction levels any time soon.
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The broker has placed Rethink staff under consultation, sources said.
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The brokers will focus on cross-border, high hazard risks.
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Thomas Kroely will initially focus on supporting the broker’s European expansion.
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Cybersecurity basics could reduce cyberattack costs by up to ~75%.
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The broker’s US retail foray will throw the cards in the air. Where might they land?
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The cyber solution is backed by Mosaic, Chubb and Liberty Specialty Markets.
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The pair will report to Imea CEO Julian Samengo-Turner.
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The broker will join the marine liability team within the new Ken Syndicate 3832.
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The loss ends a spell of benign claims activity in the downstream segment.
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The smart-follow unit was launched as part of Howden’s HX in 2020.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
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