Reinsurance News
Howden
Cyber-attacks cost UK businesses £44bn in last five years: Howden
25th November 2024
Half (52%) of UK businesses, representing 1.3 million private sector companies, have endured at least one cyber-attack in the past five years, equating to £44 billion of lost revenue, according to Howden, the international insurance intermediary group. New research published by Howden reveals that businesses with an annual revenue of over ... Read the full article
Insurance is vital to accelerating climate finance: Howden
13th November 2024
A new whitepaper released by re/insurance broker Howden in partnership with Boston Consulting Group (BCG), has highlighted how the role of insurance has largely been a blind spot in strategic conversations around climate and nature finance, and how the entire insurance value chain can be mobilised to deliver the 2030 ... Read the full article
Howden strengthens Hong Kong presence with Storfield acquisition
12th November 2024
Howden, a global insurance intermediary group, has acquired Storfield Insurance Consultants Ltd (Storfield), a specialist in general insurance for small-to-medium-sized enterprises (SMEs) and high-net-worth (HNW) clients. This acquisition strengthens Howden’s presence in Hong Kong, expands its reach across Asia, and underscores its commitment to investing in specialty services for clients in ... Read the full article
Howden launches new cyber insurance solution backed by Mosaic, Chubb and LSM
31st October 2024
Global insurance intermediary group Howden has launched Howden Safe+, a cyber insurance solution developed in partnership with Safe Security aimed at clients with revenues between $250 million and $2 billion. Backed by Mosaic Insurance, Chubb and Liberty Specialty Markets, Howden Safe+ reportedly enables quicker risk assessment without compromising coverage quality. Clients are ... Read the full article
AXA Climate renews parametric insurance to safeguard marine protected areas
21st October 2024
AXA Climate has announced the renewal of parametric insurance coverage for 88 Marine Protected Areas (MPAs) in the Philippines. In partnership with Blue Alliance Marine Protected Areas and Howden, this initiative bolsters the financial stability of communities and ecosystems alike. It protects over 90,000 hectares of coral reefs and ensures the livelihoods ... Read the full article
Howden acquires UK and Ireland’s largest beauty membership providers ABT & AIT
4th October 2024
Howden has acquired Associated Beauty Therapists Ltd (ABT) and Associated Irish Therapists Ltd (AIT), two beauty membership providers that offer insurance broking services to members operating in the heath, wellbeing and beauty sectors in the UK and Ireland. ABT and AIT specialise in arranging the full range of covers, including medical ... Read the full article
Howden launches Microsoft-backed Resilience Laboratory to evaluate climate risks better
23rd September 2024
Howden, the insurance intermediary group, has launched the Howden Resilience Laboratory, a digital innovation hub designed to transform how clients evaluate and manage climate risks. Developed by Howden and powered by Microsoft’s cloud services–Azure, Microsoft 365 and Dynamics 365, the Resilience Laboratory enables clients to model climate scenarios and assess financial ... Read the full article
New non-profit Humanity Insured aims to insure 3.6 billion people against climate disasters
19th September 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a global insurance intermediary, spearheaded the creation of Humanity Insured, bringing together key players from ... Read the full article
Takuya Aibe to lead Howden Japan’s retail business following Foresight acquisition
17th September 2024
Global insurance intermediary group Howden has launched into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd, appointing Takuya Aibe as CEO of its Japanese retail business. Founded in 2005, Foresight is a group of companies licensed to offer retail brokerage ... Read the full article
Jan Tinus Larsen named as new CEO of Howden Norway
11th September 2024
Howden, the insurance intermediary group, has announced the appointment of Jan Tinus Larsen as Chief Executive Officer (CEO) of Howden Norway, effective October 1, 2024. Larsen, who has been Deputy CEO since 2018, will succeed Anders Kvan, ensuring a smooth transition for both employees and clients. Kvan, a founding member of Howden's ... Read the full article
Private equity plays a significant role in current M&A landscape: Howden’s Madea
10th September 2024
In a recent interview with Reinsurance News, Jarad Madea, CEO, Howden Capital Markets & Advisory, discussed what the underlying drivers of the hard market conditions are, and how they are currently impacting the insurance sector, as well as how organisations have responded to them. Madea stated that the hard market conditions ... Read the full article
FullCircl partners with Howden to enhance client experience
28th August 2024
FullCircl, a software company that assists insurance brokers in accelerating growth and integrating compliance smoothly, has announced a multi-year agreement with Howden, an insurance intermediary group. This partnership aims to help Howden's clients maintain proper coverage while lowering compliance costs and reducing administrative burdens. The deployment of FullCircl SmartBroker includes a suite ... Read the full article
Howden acquires Help Me Compare Group (ActiveQuote)
12th August 2024
Howden, a global insurance intermediary group, has acquired UK health and life insurance broker, Help Me Compare Group Limited (ActiveQuote) and its subsidiaries (HMCGL), in a move that is set to bolster Howden's position across the health insurance broker market in the UK. Established in 2009 by Richard Theodossiades, HMCGL employs ... Read the full article
Howden partners with Ultimate Risk Solutions to enhance risk management capabilities
7th August 2024
Global insurance intermediary group Howden has strategically partnered with Ultimate Risk Solutions (URS) to utilise their advanced risk-management suite, encompassing economic and regulatory capital management, asset modelling, enterprise risk management (ERM), reserving, and price optimisation. Alex Bushel, Founder and Chief Executive Officer, URS, commented: "Our partnership with Howden is further evidence ... Read the full article
Howden Re expands cyber capabilities, adds Harriet Gruen as Head of Threat Intelligence
6th August 2024
Howden Re, the reinsurance and risk advisory arm of Howden, has announced the expansion of its Cyber Reinsurance capabilities in threat intelligence and education with the appointment of Harriet Gruen as Head of Threat Intelligence, Education & Training. This move follows a period of rapid growth for the cyber reinsurance team ... Read the full article