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The carrier agreed to acquire Liberty Mutual’s P&C firms in Thailand and Vietnam in March. -
The facility was previously for commercial risk clients.
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The UK carrier will write business that falls in the scope of the FSCS.
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The broker has recruited from its rival as it looks to launch Willis Re 2.0.
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The search for a successor to lead Syndicate 1200 is underway.
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The reduced fine reflected the PRA view that the breaches weren’t deliberate.
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North American carriers completed the most transactions in the first half of 2025.
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Goldman Sachs and Cinven have also participated in the German broker’s sale process.
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The NFP acquisition was a “tailwind for organic growth, not a key driver”, said CFO Edmund Reese.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
