Cyber market to exceed $50bn GWP by 2030: HowdenThe global cyber insurance market is poised to exceed $50bn in gross written premiums by 2030 if current trends around new market entrants, increased capacity deployments and high levels of global demand continue, according to a new report by Howden.
Howden-backed Spring bolsters ranks with specialist hiresHowden-backed MGA Spring Insure has bolstered its team with a number of hires, including CFC’s James O’Halloran as a development underwriter.
Howden provides premium subsidy to extend Hannover Re-backed parametric scheme to Rwandan farmersHowden has partnered with natural disaster risk mitigation specialist Global Parametrics and One Acre Fund to expand the latter’s parametric protection scheme to smallholder farmers in Rwanda.
Rowan Douglas joins Howden to lead climate risk and resilience teamRowan Douglas has joined Howden as CEO, climate risk and resilience, following his departure from WTW earlier this month.
Howden continues European expansion with two Swiss acquisitionsHowden has continued its European expansion through the acquisitions of Swiss insurance brokers Argenius Risk Experts AG and RVA Versicherungsbroker AG.
Howden and Aon reach settlement in Tubb poaching disputeAon and Howden have reached a settlement in a poaching dispute over the latter’s recruitment of a six-strong London-based PFI and construction team led by Paul Tubb, The Insurer can reveal.
Howden bolsters marine offering in Germany with Northern Lloyd acquisitionHowden has strengthened the marine offering of Howden Deustchland with the acquisition of Northern Lloyd, an independent marine broker based in Bremen.
Howden bolsters London and Bermuda casualty offering with senior hiresHowden has bolstered its casualty practice with a number of hires across its London and Bermuda offices.
Fidelis MGU and Lloyd’s lead cover for FSO Safer ship-to-ship oil transfer operationHowden has announced the successful binding of insurance coverage for the FSO Safer operation, enabling the UN to proceed with an emergency ship-to-ship transfer to avert an oil spill that would amount to one of the world’s largest man-made environmental disasters.
Howden names Pool to lead carbon insurance teamHowden Group has appointed Charlie Pool as head of carbon insurance, where he will lead the team in creating products to improve confidence and security for investors looking to scale up projects in the carbon market.
Howden’s Aston Lark continues HNW build-out with Seatter hireHowden’s Aston Lark has continued its high net worth (HNW) build-out with the appointment of Vizion’s George Seatter as a client director within its private client division.
Howden begins joint fellowship programme with SMI to promote urban resilienceThe Sustainable Markets Initiative has launched a global fellowship programme with Howden and the Resilient Cities Network to promote the role of insurance in de-risking and accelerating resilience-building activities in urban areas.
Howden CAP appoints senior trio to expand surety divisionHowden has appointed the senior trio of Kevin Barrett, Patrick Shields and Warren Withfield to enhance the surety division of its capital, advisory and placement business, Howden CAP.
Howden to restructure global operations under unified management structureHowden is set to unify its structure under a single global executive, with insurance broking, reinsurance broking and underwriting all reporting to group CEO David Howden.
Howden appoints Marsh’s Howell as MD and global practice lead of its MCPHowden has appointed Marsh’s Morwenna Howell as managing director and global practice leader of its Multinational Client Practice (MCP).
Howden names Holz CEO of Howden DeutschlandHowden has appointed Karl-Heinz Holz as CEO of Howden Deutschland, the broker’s new entity that will be created from what is currently Euroassekuranz to form the future core of Howden’s operating activities in Germany.
Howden raises £875mn in debt and equity to fuel further M&A and talent pipelineHowden has raised more than £875mn ($1.1bn) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent now in excess of £1bn.
UK still Europe’s most active M&A market despite dropoff in 2022 activityUK insurance M&A saw a significant drop-off during 2022 with 177 announced transactions, down from 197 in 2021, according to data collated by FTI Consulting.
Howden: Cyber will “prove that the industry is capable of innovating”Cyber as a peril presents a unique opportunity for the insurance industry to demonstrate its relevance to the wider economy through product innovation and risk transfer solutions that address issues around aggregation and systemic risk, according to David Howden.
Howden launches marine and energy business in Norway with WTW’s LundHowden has launched its marine and energy business in Norway, with Frode Lund set to lead the initiative from 1 August 2023.