Howden Tiger

This publication first revealed that the two parties were working on the deal last month.

Sources indicated talks have been conducted using an adjusted Ebitda figure for TigerRisk of around $85mn-$90mn, which is far higher than previously thought.

The broker spent three years with Aon in Bermuda and New York.

The potential deal has major advantages for both Howden and its target – and would remove a major consolidation opportunity from the market.

A takeover would boost Howden’s burgeoning reinsurance portfolio.

TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.

Tuttle has more than 35 years’ experience in P&C broking and cat modelling.

The London CEO laid out the broker’s plans for overseas expansion, his views on market modernisation and the broking war for talent in a wide-ranging interview.

The global broker has created the new role to develop its analytics offering.

At Lockton Re, Cheney spent the last 18 months as senior broker and co-leader of its property practice.

TigerRisk has taken several bold steps to solidify its position as the fourth-largest reinsurance intermediary in recent months.

The company has also confirmed that new recruit Tim Ronda will join as president later this month.