Howden Tiger
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Broker-dealers' year-ahead forecasts have undershot total final issuance in three of the last five years.
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Martin Ford joins the broker following a 26-year-stint at Gallagher Re, formerly Willis Re.
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The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.
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She joins after over four years at Securis, where she was head of investor relations and business development.
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Radford joins after spending two years at Aon’s Capital Advisory business.
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The broking firm’s (re)insurance market update said growth in alternative capital is a now a permanent feature of the market.
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Bowood managing director Stephen Greener will chair the entity, which is to place $6bn in GWP.
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The former Gallagher Re broker is the second departure from the firm in Bermuda since the Willis Re sale.
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The appointment to the ILS unit follows news of Howden’s move to buy TigerRisk.
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Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.
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After securing a $1.6bn deal to acquire TigerRisk, Howden said the transaction will create a “much-needed fourth global player” in reinsurance.
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Sources indicated talks have been conducted using an adjusted Ebitda figure for TigerRisk of around $85mn-$90mn, which is far higher than previously thought.
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The broker spent three years with Aon in Bermuda and New York.
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A takeover would boost Howden’s burgeoning reinsurance portfolio.
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The panel discussed the need to adapt to ESG and climate change
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TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.
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Tuttle has more than 35 years’ experience in P&C broking and cat modelling.
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The global broker has created the new role to develop its analytics offering.
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At Lockton Re, Cheney spent the last 18 months as senior broker and co-leader of its property practice.
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TigerRisk has taken several bold steps to solidify its position as the fourth-largest reinsurance intermediary in recent months.
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The company has also confirmed that new recruit Tim Ronda will join as president later this month.
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From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.
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Edwards will begin his new role in October and comes as TigerRisk looks to expand its P&C team.
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