Howden Tiger is official.
Howden Group Holdings yesterday said it has completed its acquisition of TigerRisk Partners to create the “world’s fourth largest global reinsurance broker.”
“Together, we will be able to meet the rapidly changing demands of large global clients, domestic and regional insurers, MGAs and reinsurers,” Howden Group said in a post on LinkedIn.
In June 2022 Howden Group announced the purchase of Stamford, Conn.-based TigerRisk, a risk, capital and strategic advisor to the insurance and reinsurance industry, to further consolidate the group’s position as a global insurance intermediary creating a $30 billion GWP business with an enterprise value of over $13 billion, employing 12,000 people across 45 countries.
The new entity, Howden Tiger, represents nearly $400 million of combined reinsurance revenue and provides clients with access to 450 experts in a business across more than 30 offices and a track record of delivery in local markets, Howden Group said.
Rod Fox, co-founder of TigerRisk, will become executive chairman of Howden Tiger.
The announcement was followed by another from the companies, introducing Howden Tiger SabRE – the largest MGA/program broking group globally with a combined $6 billion of GWP.
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