Howden: $1bn umbrella stop-loss mechanism would be “powerful COP28 legacy”Industry entrepreneur David Howden has called for greater private sector involvement in pre-agreed financing in order to scale up loss and damage funding, and to cap losses in climate-vulnerable countries at 10 percent of their respective GDP.
Aon sues Howden over UK cyber and Brazil reinsurance hiresGlobal broker Aon has filed another legal poaching claim against Howden Group and its reinsurance arm Howden Tiger, after its smaller UK rival raided its cyber and Brazilian reinsurance units earlier this year.
Howden launches €20mn European primary cyber and tech E&O facilityHowden has launched a dedicated European cyber and technology E&O facility for primary business.
Howden expands LatAm presence through Contacto acquisitionHowden has acquired Peruvian insurance broker Contacto Corredores de Seguros S.A.
Howden expands in Scotland with Neilson Laurence & Neil buyHowden Scotland, formerly known as Bruce Stevenson, has acquired business insurance specialists Neilson Laurence & Neil.
New horizons in SingaporeJulian Franzman, executive director and head of marine, cargo and stock throughput (Asia Pacific) at Howden, explains how he and his team are building something exciting in Singapore.
Howden grows in Europe with acquisitions in Luxembourg and BelgiumHowden has established a retail presence in Luxembourg with the acquisition of the portfolio of United Brokers S.A., and has also strengthened its position in Belgium with the acquisition of WDR Insurance Group.
Howden adds McNamara to capital and advisory armHowden has appointed Alan McNamara as an executive director within its capital, advisory and placement arm.
GC-Howden: Marsh McLennan reveals $70mn settlement over unlawful recruitment of employeesMarsh McLennan has reported that it settled a claim with an unnamed competitor earlier this month for $70mn related to the “unlawful recruiting” of a number of its employees in Europe, less than two weeks after this publication revealed Guy Carpenter and Howden had reached agreement in a high-profile dispute.
Howden launches global climate parametrics practiceHowden has created a global climate parametrics practice amid rising demand for parametric solutions to meet resilience and decarbonisation challenges.
Howden Ventures secures £500mn capacity to support incubation investment fundHowden Ventures is looking to ramp up investments in early-stage underwriting initiatives after securing £500mn ($608mn) of syndicated Lloyd’s capacity to support the development of new insurance solutions.
Energy transition: Evolving insurance beyond a procurement functionThe role of the (re)insurance industry in facilitating the transition to a low-carbon economy is evolving from a procurement function to a more equal conversation with customers and clients based on data and longer-term thinking, according to Howden’s Glenn O’Halloran.
Klisura: Guy Carpenter “will not tolerate” talent raidsGuy Carpenter has welcomed the settlement of its London legal dispute with smaller rival Howden Group over the recruitment of 30+ colleagues from its European business, with CEO Dean Klisura saying the last-minute deal sends a “clear signal” that it will not tolerate “unlawful” raids on its workforce.
The wisdom in avoiding the lottery of litigationThe American journalist and author Ambrose Bierce once described litigation as “a machine you go into as a pig and come out of as a sausage”, a dictum Guy Carpenter and Howden Group seem to have taken to heart given the last-minute scramble to settle their latest London broker poaching dispute.
Guy Carpenter and Howden Tiger settle European poaching dispute on eve of trialOn the eve of what threatened to be a combustible trial, Guy Carpenter and Howden Group have settled a London legal dispute over the defection of 38 Europe-based former Marsh McLennan employees to the UK broking group.
Howden’s Dual forms European marine hub led by former MS Amlin duoDual Europe, the specialist European underwriting arm of Howden Group, has launched a new marine hub based in Rotterdam led by former MS Amlin lead underwriter Aram Stoop.
Howden brings Aston Lark and A-Plan units under single brandHowden is to bring its global broking operations under one name in a move which introduces the Howden brand to 215 locations across the UK and Ireland.
Howden swoops for McGill’s Hubbard and Stockley to bolster aviation divisionHowden has secured two new hires for its aviation division, with Danny Hubbard and Richard Stockley set to join the broking group.
Howden New Zealand acquires Apex InsuranceExpansive international broking group Howden has continued to grow its footprint in New Zealand with a deal for Auckland-based Apex Insurance.
Richardson: No global hard market as long-tail bifurcation demonstratesHowden Tiger vice chairman Elliot Richardson has acknowledged that cat reinsurers will “sustain high rate levels” at 1.1 but says it’s a mistake to characterise the entire global reinsurance and specialty market as hard.