Howden Re

Howden Re is pleased to announce a research partnership with Temblor, Inc. to provide data-driven insights to earthquakes in Turkey. As part of the partnership, Howden Re’s Head of Model Research & Evaluation for International, Myrto Papaspiliou Myrto Papaspiliou, will join Temblor’s Scientific Advisory Board.   The partnership will allow Howden Re to support the risk management decisions of Turkish cedants with even greater confidence. With SiteAmp, we’ll apply Temblor’s unique soil amplification models to better capture one of the key drivers behind the widespread damage observed during the 2023 Kahramanmaras events, that led to over $100bn in economic and $6.2bn in insured losses.    This partnership reflects Howden Re’s expanding capabilities in Turkey and reinforces the extensive work already undertaken to bring the latest science and loss experience data and modelling to our clients.   To read more please visit https://lnkd.in/ekCBm-xm   #HowdenRe #Analytics #NatCat #Turkey #Reinsurance #Earthquake #Research #Climate

The Howden Re Cyber team has expanded its capabilities with the appointment of Harriet Gruen as Head of Threat Intelligence, Education & Training.    Harriet joins with eight years of cyber industry experience, the four most recent of which were at global insurers. Harriet’s appointment comes as the Cyber Reinsurance team has undergone a period of rapid growth as the demand for cyber reinsurance services only continues to increase in today’s enhanced risk landscape.    Howden Re advocates for the recalibration of cyber risk appetite informed by better data, improved interpretation of that data, and a more refined approach to modelling. The new Threat Intelligence function is fundamental to that approach, in particular to developing scenarios bespoke to clients, and keeping carriers appraised as cyber cat events unfold.   Luke Foord-Kelcey Global Head of Cyber, Howden Re, commented: “With estimates of the Cyber insurance market growing to in excess of $40bn by 2030, there is significant recalibration needed to realise the market’s potential…We’re delighted to welcome Harriet to the team, having closely followed her formidable work with major cyber portfolios. Harriet’s expertise will further our commitment to guiding clients through an increasingly complex cyber threat landscape to help them realise the massive growth potential in this class.”   Read more about Howden Re Cyber and the team’s growth here https://lnkd.in/epEWNPHY   #HowdenRe #Reinsurance #Cyber #OutstandingTalent #PeopleMoves

‘A good leader looks after their team’   Nominated for the Intelligent Insurers ‘LEADERS under 40’, the career Molly Wyatt ACII, property treaty broker at Howden Re, highlights the breadth of her early experiences that set the stage for her subsequent achievements. In an interview with the Intelligent Insurer, Molly discusses: - Her career path and success in reinsurance - The importance of team and leadership when it comes to career development - The positive changes within the industry with regard to diversity and inclusion   You can also read the article in full here https://lnkd.in/e4fhD9DT     #Talentattraction #Reinsurance #Nolimits

We’re thrilled that Ahmed ALMubarak, Associate Director for Business Intelligence and Data Science, and his team which included representatives from Travelers, Aspen Insurance Group, and Lloyd's have won the “Best Insurance Concept Award for 2024” for their innovative concept, “Carbon-Disclosure Reputation Risk Cover” at Lloyd’s Lab for Carbon Insurance! The concept focuses on risk mitigation associated with sustainability disclosures, providing coverage for loss of carbon credits, reputation damage management, and indemnification for profit lost due to reputational impacts. David Flandro, Head of Industry Analysis and Strategic Advisory, commented, “Ahmed's pioneering efforts in developing the 'Carbon-Disclosure Reputation Risk Cover' reflect not only his deep expertise in the (re)insurance field but also his commitment to addressing critical global challenges. This accomplishment is a significant milestone for our team at Howden and highlights our dedication to driving industry innovation.”   Michelle To, Head of Business Intelligence, added, Ahmed's leadership in creating a novel insurance concept for carbon disclosure risks demonstrates his ability to anticipate and address emerging market needs. We are thrilled to see his hard work and vision recognised, and we look forward to further breakthroughs under his guidance.’   #HowdenRe #Howden #LloydsLab #Innovation #Reinsurance #Insurance

We were delighted to host the U.S. Reinsurance Under 40s Group at Howden Re recently. Charlie Beeching, Director, Strategic Advisory at Howden Re, who led the event, said: “It was a pleasure hosting this event. Howden Re is dedicated to building partnerships across the whole industry to drive innovation, collaboration, and client success. I look forward to working on industry initiatives with many of the under 40 group in the future”. Thank you to everyone who took part.

Howden Capital Markets & Advisory acted as exclusive financial advisor to Boost Insurance Agency, Inc in a deal to secure a meaningful equity investment from BHMS Investments, LP (“BHMS”). Boost has emerged as a category leader in the MGA platform space by providing its customers with highly configurable, tech-enabled solutions. Michael Forman, Co-CEO, Howden Capital Markets & Advisory North America, said: “Despite challenging market conditions, this transaction is a testament to the quality platform the Boost team has built. MGAs are an essential part of the (re)insurance ecosystem, helping to drive innovation and deliver capital efficient solutions to benefit insureds and (re)insurers. We are honored to have worked alongside the Boost management team to help secure an investment from BHMS and achieve this significant milestone for the Company”. Jarad Madea, CEO Howden Capital Markets & Advisory said: “This transaction further solidifies HCMA as a market leader in M&A and capital markets transactions relating to MGAs and InsurTechs. Congratulations to the Boost team on the next stage of their impressive growth”.

We are pleased to welcome Andy Foot to Howden Re as Managing Director, Marine, Energy & Terror Treaty. Andy joined the team this month to support growth in the Marine, Energy & Terror Treaty Reinsurance division. He will have a particular focus on the London and US markets including the placement of consortia and binders. He will also engage with cedants to find solutions for a range of multi-class and whole account portfolios. Bradley Maltese, CEO, UK & Global Specialties, Howden Re, commented: "I've known Andy for a long time and I'm thrilled to welcome him to the business. He has hit the ground running and brought with him the entrepreneurial approach, technical expertise and client service commitment that sets Howden apart. I look forward to working with him and the team to build on the momentum we have created in global specialty reinsurance broking." Andy joins from Aon where he spent 22 years in the company's specialty reinsurance division, leading US Marine and Energy. He subsequently worked across various lines and areas of the business as a senior London practice broker. Prior to his time on the broking side, Andy began his career with Folkam, UK, ERC Frankona and Reliance International where he gained invaluable experience working within Marine and Energy underwriting divisions. #HowdenRe #Reinsurance #MarineandEnergy #OutstandingTalent #PeopleMoves

Howden Re welcomed graduate analytical team members from Moody's RMS on a three-month reciprocal early careers talent exchange programme at the beginning of July, with graduate members of the Howden Re analytics team spending the next three months with Moody’s. The programme aims to enrich participants’ modelling, analytics, and client service skills while also expanding their professional footprints. Discussing her first three weeks in the programme, Florence T.rower said, “We have hit the ground running, getting stuck in with the team focusing on some Event Response for the recent floods in Germany. This more evaluative, long-term analysis of an event has been extremely insightful to us – demonstrating how Howden Re can offer a wider view of risk to their clients in response to an event.” William Nettleton, also participating in the exchange, commented: “In the past Howden Re’s event response work has led to research collaborations with model vendors, including Moody’s RMS. The business’ joint work on the 2021 Bernd flooding was able to draw conclusions of how best to approach the model and its development. Working on this in real time has given us all deeper insights into the models, ensuring the current climate is reflected.” Massimo Reina, CEO, Howden Re International commented, “This extension of our long-standing partnership with Moody’s speaks to the commitment of both organisations to an entrepreneurial and innovative approach, and the development of industry-leading talent. Our partnership with Moody’s supports our delivery of data and technology-driven solutions to clients worldwide, and will now contribute directly to our team development, This talent exchange will not only enhance the skills of our junior analysts but also strengthen the collaborative spirit between our teams, driving innovation and excellence in the reinsurance industry.” Read more about the Howden Re and Moody’s RMS exchange programme here: https://lnkd.in/eEaUw46R #HowdenRe #ModdysRMS #Reinsurance #Analytics #Talent #TalentDevelopment

This week, Antonio Jorge Rodrigues, Head of Howden Re Brasil, joined Institute for Climate and Society (iCS) and panellists at "The Impacts of Climate Change: How to Scale Financing for Adaptation and Build Resilient Cities" - an event to discuss possibilities for increasing resources for the climate emergency in urban centres.   AJ comments: “Yesterday I had the honour to participate in a climate change event as one of the panellists, discussing its impacts on our society and industry, and how to cope with it from an Insurance and Reinsurance market standpoint. This event was held one day prior to the G20 Ministries of Finance's meeting to be hosted here in Rio de Janeiro, and will be part of the roadmap to unlock the flow of adaptation resources and initiatives on the path from G20 in November to COP30 which will be in Brazil at the state of Para in 2025.   "The discussion about Climate Change, its risks to the environment and communities and the ways to mitigate it is a global need and even more important to Brazil and the LATAM region, being particularly vulnerable to this emerging reality.”   For more information visit our news and insights page here: https://lnkd.in/dte-s3Ws “Ontem tive a honra de participar de um Evento sobre Mudanças Climáticas como um dos panelistas, discutindo sobre os seus impactos em nossa sociedade e indústria, e como podemos lidar com esses desafios sob uma ótica do Seguro e Resseguro. Esse evento aconteceu um dia antes da reunião dos Ministros de Finanças do G20 aqui no Rio de Janeiro, e fará parte de um documento focado na conscientização em adaptar recursos e iniciativas em preparação ao G20 que acontecerá em Novembro e o COP 30, que também acontecerá no Brasil na cidade de Belém no Pará em 2025.   A discussão sobre Mudanças Climáticas, seus riscos ao ambiente e às comunidades e as maneiras de mitigar isso é uma necessidade global e ainda mais importante para o Brasil e a América Latina, que são particularmente vulneráveis a esta realidade emergente.” Para mais informações acesse: https://lnkd.in/dte-s3Ws    cc. Rowan Douglas CBE Jaime Lezama Francisco Vogt Marques Prefeitura do Rio de Janeiro, Climate Policy Initiative Cities Climate Finance Leadership Alliance (CCFLA) @Museum of Tomorrow @Ministério das Cidades.   #Howden #HowdenRe #HowdenBrasil #DUAL #ClimateRisiliance #reinsurance #insurance

The Howden Re team look forward to seeing clients and markets in Zimbabwe at the 46th OESAI Annual Conference & AGM. We hope you'll be available to discuss the OESAI’s theme “The business of insurance in economic, digital and geopolitical uncertainty”. Get in touch with the team to meet with us there - Attilio Tornetta, Edoardo Camerana, Vijith Jayakumar https://lnkd.in/dtEmtx9v #Reinsurance #Insurance #HowdenRe #OESAI46th