Howden Re

Earlier this year, meteorologists knocked the confidence levels of investors, providing striking predictions for a highly active storm year, well above the 30 year average. Have projections materialised? Join us on Thursday 17th October at the ILS New York event, where Mitchell Rosenberg, Managing Director - Howden Capital Markets & Advisory along with a host of industry experts will review the 2024 hurricane season and the expected returns. https://lnkd.in/enWEfJam We also invite you to join our deep dive discussion table, taking place at 1pm - providing an opportunity to for focused networking centered around individual topics from cyber ILS to the primary market, the revival in sidecars to specialty ILS/. https://lnkd.in/enWEfJam   To view the full agenda go to: https://lnkd.in/g8J5eJ8d

We are pleased to welcome Tom Finch, who has joined Howden Re to provide prospective structured reinsurance solutions to our clients. Tom's appointment completes Howden Re's suite of Capital Solutions capabilities and provides increased ability to tailor reinsurance products to more precisely address clients' individual needs. Tom has more than 17 years of industry experience in a number of global Structured Solutions teams covering regions including Bermuda, Japan, Africa and the UK. #HowdenRe #HowdenReInternational #Reinsurance #CapitalSolutions

We were proud to be a Platinum sponsor at the 23rd Association of insurers and reinsurers of developing countries (AIRDC) Conference in Bangkok, which had over 350 attendees from sectors including regulators, insurers, reinsurers, and industry experts from around the world. A standout session was led by Mark Lynch, Head of Cyber Data and Analytics at Howden Re, who presented on the current state of the cyber insurance market, underwriting challenges, and growth Opportunities. His insights reinforced our position as a leading broker in cyber insurance and a trusted partner for comprehensive insurance solutions. Special thanks to the Thai General Insurance Association (TGiA), the Thai Life Assurance Association (TLAA), and Bangkok Insurance Plc. for organising this impactful event. #Insurance #CyberInsurance #IndustryLeadership #Howden #HowdenThailand #HowdenRe

Thank you to all the clients and markets who met with Howden Re at APCIA in Chicago this week, to discuss this dynamic re/insurance market as we begin the build up to 1.1. It was great to host you at the Howden hospitality suite and at our boat party, where we are proud to have been able to support, with your help, three hurricane relief funds. To our clients and colleagues who joined, or were unable to join, from Florida - please stay safe. #HowdenRe #APCIA #Reinsurance #Insurance

Milton is currently classified as a High End Category 4 hurricane, with wind speeds of 155 mph, and located approximately 520 miles southwest of Tampa Bay. The hurricane is forecast to make landfall as a Category 3 hurricane between Tampa Bay and Fort Myers late Wednesday night into very early Thursday morning, with estimated winds around 125 mph and potential for further strengthening. It is now one of the strongest hurricanes in the Atlantic Basin since Dorian in 2019.    There remains a degree of uncertainty surrounding Milton’s exact track and intensity, with the greatest consensus indicating landfall in the Tampa Bay/Sarasota region. By midday Wednesday, the storm is likely to encounter wind shear which could weaken it. As wind shear takes effect, Milton's wind field is projected to expand significantly and could make landfall as a Major Category 3 or 4 hurricane.    The Tampa/St. Petersburg region experienced 7-9 feet of storm surge during Helene’s landfall, but with Milton, surge heights could reach 10-15 feet. Areas around Tampa Bay are particularly vulnerable to this surge due to their low elevation and proximity to the coast. If Hurricane Milton makes landfall as forecast, it will be the strongest hurricane to hit the Tampa Bay area since the 1921 Tampa Bay Hurricane, which caused devastating storm surge and widespread damage. Milton’s potential to bring higher surges, combined with a much denser population and modern infrastructure, could lead to catastrophic impacts. For further updates from Howden Re's Anna Neely and Justin Roth, ARM, CEEM, sign up to Cat Watch here: https://lnkd.in/efNJ25uf #HowdenRe #CatWatch #HurricaneMilton #Milton #HurricaneSeason2024

Tropical Storm Milton has been upgraded to a Hurricane. The storm is located in the western Gulf and forecast to bring potentially significant impacts to the Florida Peninsula later this week.   "There is some uncertainty in the current forecast,” says Anna Neely, Head of Catastrophe R&D at Howden Re. “The range of outcomes will generally follow a slower approach and weaker landfall or a faster approach and stronger landfall. Regardless of the wind strength, Hurricane Milton is expected to build up a large storm surge that would carry through until landfall."   "As Milton is still in the early stages of development, initial forecasts will be subject to change,” added Justin Roth, ARM, CEEM, Associate Director, Catastrophe Analytics R&D, Howden Re. “However, there is strong model consensus predicting rapid intensification over the next 48-60 hours. Milton is currently in a favor environment for rapid intensification as it will move over the ‘Gulf Loop’ – like Helene and other major storms such as Ian, Michael, and Wilma. The exact track of the storm still carries uncertainty regarding both timing and landfall location. Possible landfall locations range from Cedar Key (north of Tampa) to Fort Myers, with the majority of models forecasting a direct hit near the Tampa Bay area.   "Between the 1921 storm and today, Tampa Bay has experienced many near misses. While hurricanes have frequently approached Florida's west coast, the curvature of the coastline and steering winds have often diverted storms away from a direct hit on the Tampa-St. Petersburg area. Recent storms including Hurricane Irma (2017) and Hurricane Elsa (2021) skirted the area, producing damaging winds, localized flooding, and some storm surge, but neither made a direct hit on the bay itself.   "Tropical Storm Milton is projected to become a major hurricane and has the potential to make landfall near or around the Tampa Bay area. If Milton tracks directly into Tampa Bay, it could produce storm surges far exceeding those seen in 1921. Milton could produce storm surges of up to 15 feet.   "The combination of Tampa’s geographical vulnerability and its long "hurricane drought" has created significant concern about what a major landfall might mean for the region. As we saw with Helene (2024), which has caused severe flooding and power outages; a direct hit from a Category 3 or 4 like Milton could be catastrophic." Sign up to Howden Re Cat Watch here: https://lnkd.in/eY8WhUvV #HowdenRe #HurricaneMilton #Milton #HurricaneSeason2024 #Florida #Insurance #Reinsurance

"Claims activity in the insurance market is increasingly driven by elevated frequency of medium-sized events and secondary perils, rather than by single large-scale events", says Wade Gulbransen, CEO of Howden Re North America. "Howden Re is uniquely positioned to support clients in navigating evolving market dynamics, offering tailored solutions to balance risk and reward, and to drive sustainable growth across the global reinsurance landscape." Read Wade's full interview with The Insurer in the first of their APCIA daily editions, in print, or online here: https://lnkd.in/e6EgJtyi #HowdenRe #HCMA #APCIA2024 #Reinsurance #Insurance #secondaryperils #innovation

On Day 1 of APCIA, Carrie Byler, Managing Director and Howden Re’s Head of US General Casualty, spoke to Intelligent Insurer to give a 360-degree perspective on the US Casualty market. Read her interview in today’s issue of APICA Today or online here https://lnkd.in/ehwpRXSh #HowdenRe #APCIA2024 #Reinsurance #Casualty

Ahead of the ILS Convergence 2024 in Bermuda, we are delighted to confirm Howden Re will be participating in two key speaker sessions: On Tuesday, October 8th, at 3:15 PM, David Flandro, Head of Industry Analysis and Strategic Advisory at Howden Re, joins the 'Mind Over Markets: Behavioural Science Insights into Loss Aversion & Other Biases' panel discussion exploring the impact of cognitive biases on investment decisions in the ILS and reinsurance markets. On Wednesday, October 9th, at 8:45AM, Shireen Gammoh, Managing Director – Legacy and Structured Solutions, Howden Re, joins the ‘Beyond Catastrophe – Strategic Insights in Specialty Lines session, exploring emerging risks and opportunities within specialty insurance sectors, focusing on marine, energy, and legacy markets. To view the full agenda visit: https://lnkd.in/gsxjbdQS   We look forward to seeing you there!   #Reinsurance #ILS #HowdenRe

The Howden Re team is looking forward to connecting with our clients and markets at the APCIA Annual Meeting next week. We are anticipating a great few days of collaborating and discussing the market, our clients’ reinsurance challenges, and how Howden Re can help! We look forward to seeing you there! #Reinsurance #HowdenRe #Howden #HCMA #APCIA2024