Howden News

January’s Property Cat Renewals See Biggest Price Hikes in Turkey, Italy and US

While the reinsurance market indeed stabilized during the January 2024 reinsurance renewals (from the chaotic January renewals of last year), buyers with loss-affected programs experienced further upward pressure on retentions and prices, according to reinsurance brokers in comments about the …

Howden Acquires Norwegian Broker Arctic Insurance AS

Howden, the London-based insurance group, announced the acquisition of Arctic Insurance AS, a fast-growing Norwegian insurance broker. Financial details of the deal were not disclosed. This acquisition reflects Howden’s ambition to enhance its presence in the Nordic region, by investing …

A Return to Balance: Brokers Say Reinsurance Renewals Were ‘Stable’

This year’s January reinsurance renewals were described by brokers as “stable,” “predictable,” “orderly,” “calmer,” “disciplined,” with “increased appetites” and a return to supply/demand balance. What a difference in tone from last year’s grueling January renewals. “In a marked change on …

Howden Acquires Dutch Broker VLC & Partners

Howden, the London-based global insurance group, announced the acquisition of VLC & Partners Holding B.V., one of the largest independent insurance brokers in the Netherlands. Financial details of the transaction were not disclosed. The business is currently under the ownership …

Howden Acquires Denmark’s NORTH Risk

Howden, the London-based insurance group, announced an agreement to acquire Denmark’s fourth largest insurance intermediary NORTH Risk, thereby establishing a retail presence in the Danish market and strengthening its geographical presence in the Nordic region of Europe. NORTH was founded …

Typhoon That Hit China’s Ports Provides Wakeup Call for Climate Risk to Markets

As Typhoon Doksuri aimed toward mainland China, major southeast ports were forced to turn away dozens of vessels for days. The storm, supercharged by the warm July waters of the Pacific, delivered Beijing’s worst flooding in more than 50 years, …

Markets/Coverages: Howden Launches European Cyber & Tech E&O Facility

Howden, the global insurance group, today announces the launch of one of the first dedicated European cyber and technology errors & omissions line slips for primary business. The product is led by Canopius and IQUW with support from three other …

Howden Acquires Swiss Reinsurance Broker Haakon AG

Howden, the London-based global insurance group, announced the acquisition of Haakon AG, the specialist reinsurance broker, headquartered in Switzerland. Financial details of the transaction were not disclosed. Haakon, formerly part of the Baloise Group, has offices in Basel and Kuala …

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 …

People Moves: Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber; Argenta Promotes Davidson to Lead New Energy Transition Offering

This edition of International People Moves details appointments at Howden and Argenta Syndicate Management. A summary of these new hires follows here. Howden Taps Marsh’s Bayon de La Tour as International Head of Cyber Howden, the London-based global insurance group, …