Howden Re

Today we unveil the latest Howden Business Intelligence report which explores key market movements at HY 2024 from (re)insurance earning updates. Watch David Flandro Head of Industry Analysis and Strategic Advisory and Michelle To, Head of Business Intelligence present an exclusive in-depth overview of the findings here: https://lnkd.in/e98Wc43A Our comprehensive analysis delves into risk appetite, catastrophe losses, underwriting performance, reserve development, and the outlook for the full year. You can also read the report in full here: https://lnkd.in/e33A87HX #reinsurance #Marketanalysis #Businessintelligence

“We talk a lot around not just coming to work, but coming to build a business. It really allows people to kind of have that sense of ownership, that sense of purpose and really allows people to feel like they're part of what they're building”   Listen to Charlotte Hubble, HR Director at Howden Re talking to The Insurance Coffee House Podcast about ownership, purpose and being part of an accelerated growth story. Listen to the full episode here: https://lnkd.in/eNbKkuVf   #insurance #reinsurance #TalentAttraction #collectivepower #nolimits

"Tropical storm #Ernesto formed Monday afternoon and is expected to approach Puerto Rico by Tuesday night as a tropical storm with sustained winds less than 60 MPH", comments Anna Neely, Head of Catastrophe R&D at Howden Re. "Though we have seen a few rapidly intensifying storms already this season, that is not in the current forecast for Ernesto. After tonight, the storm will likely turn north, becoming primarily a "fish storm" in the Atlantic, meaning it won't significantly impact land. Ernesto is forecast to strengthen into a hurricane, and we'll keep an eye on its potential impacts Bermuda. Notably, Bermuda’s structures are built to withstand much stronger storms than what we expect to see from Ernesto, so any damage that might occur would be limited."

Howden Re is pleased to announce a research partnership with Temblor, Inc. to provide data-driven insights to earthquakes in Turkey. As part of the partnership, Howden Re’s Head of Model Research & Evaluation for International, Myrto Papaspiliou Myrto Papaspiliou, will join Temblor’s Scientific Advisory Board.   The partnership will allow Howden Re to support the risk management decisions of Turkish cedants with even greater confidence. With SiteAmp, we’ll apply Temblor’s unique soil amplification models to better capture one of the key drivers behind the widespread damage observed during the 2023 Kahramanmaras events, that led to over $100bn in economic and $6.2bn in insured losses.    This partnership reflects Howden Re’s expanding capabilities in Turkey and reinforces the extensive work already undertaken to bring the latest science and loss experience data and modelling to our clients.   To read more please visit https://lnkd.in/ekCBm-xm   #HowdenRe #Analytics #NatCat #Turkey #Reinsurance #Earthquake #Research #Climate

The Howden Re Cyber team has expanded its capabilities with the appointment of Harriet Gruen as Head of Threat Intelligence, Education & Training.    Harriet joins with eight years of cyber industry experience, the four most recent of which were at global insurers. Harriet’s appointment comes as the Cyber Reinsurance team has undergone a period of rapid growth as the demand for cyber reinsurance services only continues to increase in today’s enhanced risk landscape.    Howden Re advocates for the recalibration of cyber risk appetite informed by better data, improved interpretation of that data, and a more refined approach to modelling. The new Threat Intelligence function is fundamental to that approach, in particular to developing scenarios bespoke to clients, and keeping carriers appraised as cyber cat events unfold.   Luke Foord-Kelcey Global Head of Cyber, Howden Re, commented: “With estimates of the Cyber insurance market growing to in excess of $40bn by 2030, there is significant recalibration needed to realise the market’s potential…We’re delighted to welcome Harriet to the team, having closely followed her formidable work with major cyber portfolios. Harriet’s expertise will further our commitment to guiding clients through an increasingly complex cyber threat landscape to help them realise the massive growth potential in this class.”   Read more about Howden Re Cyber and the team’s growth here https://lnkd.in/epEWNPHY   #HowdenRe #Reinsurance #Cyber #OutstandingTalent #PeopleMoves

‘A good leader looks after their team’   Nominated for the Intelligent Insurers ‘LEADERS under 40’, the career Molly Wyatt ACII, property treaty broker at Howden Re, highlights the breadth of her early experiences that set the stage for her subsequent achievements. In an interview with the Intelligent Insurer, Molly discusses: - Her career path and success in reinsurance - The importance of team and leadership when it comes to career development - The positive changes within the industry with regard to diversity and inclusion   You can also read the article in full here https://lnkd.in/e4fhD9DT     #Talentattraction #Reinsurance #Nolimits

We’re thrilled that Ahmed ALMubarak, Associate Director for Business Intelligence and Data Science, and his team which included representatives from Travelers, Aspen Insurance Group, and Lloyd's have won the “Best Insurance Concept Award for 2024” for their innovative concept, “Carbon-Disclosure Reputation Risk Cover” at Lloyd’s Lab for Carbon Insurance! The concept focuses on risk mitigation associated with sustainability disclosures, providing coverage for loss of carbon credits, reputation damage management, and indemnification for profit lost due to reputational impacts. David Flandro, Head of Industry Analysis and Strategic Advisory, commented, “Ahmed's pioneering efforts in developing the 'Carbon-Disclosure Reputation Risk Cover' reflect not only his deep expertise in the (re)insurance field but also his commitment to addressing critical global challenges. This accomplishment is a significant milestone for our team at Howden and highlights our dedication to driving industry innovation.”   Michelle To, Head of Business Intelligence, added, Ahmed's leadership in creating a novel insurance concept for carbon disclosure risks demonstrates his ability to anticipate and address emerging market needs. We are thrilled to see his hard work and vision recognised, and we look forward to further breakthroughs under his guidance.’   #HowdenRe #Howden #LloydsLab #Innovation #Reinsurance #Insurance

We were delighted to host the U.S. Reinsurance Under 40s Group at Howden Re recently. Charlie Beeching, Director, Strategic Advisory at Howden Re, who led the event, said: “It was a pleasure hosting this event. Howden Re is dedicated to building partnerships across the whole industry to drive innovation, collaboration, and client success. I look forward to working on industry initiatives with many of the under 40 group in the future”. Thank you to everyone who took part.

Howden Capital Markets & Advisory acted as exclusive financial advisor to Boost Insurance Agency, Inc in a deal to secure a meaningful equity investment from BHMS Investments, LP (“BHMS”). Boost has emerged as a category leader in the MGA platform space by providing its customers with highly configurable, tech-enabled solutions. Michael Forman, Co-CEO, Howden Capital Markets & Advisory North America, said: “Despite challenging market conditions, this transaction is a testament to the quality platform the Boost team has built. MGAs are an essential part of the (re)insurance ecosystem, helping to drive innovation and deliver capital efficient solutions to benefit insureds and (re)insurers. We are honored to have worked alongside the Boost management team to help secure an investment from BHMS and achieve this significant milestone for the Company”. Jarad Madea, CEO Howden Capital Markets & Advisory said: “This transaction further solidifies HCMA as a market leader in M&A and capital markets transactions relating to MGAs and InsurTechs. Congratulations to the Boost team on the next stage of their impressive growth”.

We are pleased to welcome Andy Foot to Howden Re as Managing Director, Marine, Energy & Terror Treaty. Andy joined the team this month to support growth in the Marine, Energy & Terror Treaty Reinsurance division. He will have a particular focus on the London and US markets including the placement of consortia and binders. He will also engage with cedants to find solutions for a range of multi-class and whole account portfolios. Bradley Maltese, CEO, UK & Global Specialties, Howden Re, commented: "I've known Andy for a long time and I'm thrilled to welcome him to the business. He has hit the ground running and brought with him the entrepreneurial approach, technical expertise and client service commitment that sets Howden apart. I look forward to working with him and the team to build on the momentum we have created in global specialty reinsurance broking." Andy joins from Aon where he spent 22 years in the company's specialty reinsurance division, leading US Marine and Energy. He subsequently worked across various lines and areas of the business as a senior London practice broker. Prior to his time on the broking side, Andy began his career with Folkam, UK, ERC Frankona and Reliance International where he gained invaluable experience working within Marine and Energy underwriting divisions. #HowdenRe #Reinsurance #MarineandEnergy #OutstandingTalent #PeopleMoves