Howden Group Holdings News

Howden’s DUAL Acquires Swiss Re’s Marine Team to Support Growth Ambitions

DUAL, the specialist underwriting arm of Howden Group Holdings, announced it has significantly strengthened its marine capability in Europe with the acquisition of Swiss Re’s Genoa, Italy-based Marine team with the authority to write marine business for Swiss Re going …

Electric Vehicles Cost Twice as Much to Insure as Fuel-Burning Cars in UK

British drivers have to fork out twice as much to insure electric vehicles as they do for combustion-engine models, adding to hurdles to make the switch to zero-emission cars. The average insurance premium for EVs jumped to £1,344 ($1,700) at …

Injuries to European Footballers Rise to $767 Million During World Cup Year: Howden

Injuries to European footballers became more severe after the winter World Cup in Qatar last year, contributing to a nearly 30% annual jump in the cost to clubs of seeing their players sit on the sidelines. The findings come in …

Markets/Coverages: Howden Offers Blended Policy for PI, Crime and Cyber Liability

Howden, the London-based insurance group, announced the launch of a blended insurance product that brings together professional indemnity, crime and cyber liability into one policy and under one limit. It brings a different approach to insurance for financial institutions, offering …

Howden Acquires 2 Swiss Brokers

Howden, the London-based insurance broker, announced it has expanded its offering in Switzerland with the acquisition of insurance brokers argenius Risk Experts AG (argenius) and RVA Versicherungsbroker AG (RVA). Born Consulting AG, which has been part of Howden Switzerland since …

Broker Sues Over Unethical ‘Raid’ of 38 Staff in UK Poaching Row

Marsh & McLennan Cos.’s reinsurance broker sued a London rival, saying it secretly planned an unethical “raid” of 38 people across Europe, in the latest lawsuit to pore over clandestine staff poaching allegations. Guy Carpenter & Co. said that its …

Howden Builds War Chest for Investments of More Than £1B; Blanc Named Head of M&A

Howden Group Holdings announced it has successfully raised more than £875 million ($1.1 billion) across both debt and equity, with total cash and facilities available for investment in M&A, new initiatives and talent in excess of £1 billion ($1.2 billion). …

Howden Group Completes Buy of TigerRisk Partners

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 …

MGAs: An All-Weather Distribution Channel for Soft and Hard Markets

Many reinsurers across the globe increasingly have been doing business with certain select managing general agents (MGAs), seen as market innovators, by reinsuring the fronting insurers that provide the paper for MGAs to underwrite. In recent years, it is a …

Howden Group to Acquire TigerRisk Partners to Create ‘Much-Needed’ Fourth Reinsurance Broker

Howden Group Holdings said it has created the “much-needed fourth global player in the reinsurance market” with an announcement it has acquired TigerRisk Partners to bolster the scale and depth of its offering to the reinsurance and capital markets. Howden …