Howden Tiger
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This follows the broker's rebrand in October last year.
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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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Oliver Denbigh had been at Aon since 2012, most recently as a senior broker on its non-marine specialty team.
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Some pointed to low average costs to fix burst pipe claims, while others warned that BI could drive up losses.
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The CEOs of Aon Reinsurance Solutions, Willis Re and TigerRisk predict limited rate gains, but up to $10bn of incoming capital.
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Lawrence Po-Ba was hired by the firm to source capital solutions for Lloyd’s syndicates in May.
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Joe Jackson becomes the latest in a line of retro or reinsurance brokers to transfer to the smaller intermediary.
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His departure marks the fifth senior retro broker to leave Aon in recent weeks.
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Denbigh is the fifth senior Aon retro broker to leave the firm in recent weeks.
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Former Securis executive Lawrence Po-Ba will focus on sourcing capital solutions for Lloyd’s syndicates.
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The deal will “capitalise on a dynamic competitive landscape and continue our strong growth trajectory”, Rod Fox says.
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Brian O’Neill most recently served as a managing director at Guy Carpenter and head of the Tampa office.
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Collateral negotiations are coming to the fore in retro renewals.
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Bill Cooper moves from a consultant role to leader of the broker’s investment banking business.
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Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.
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The significant pricing difference between the reinsurance and retrocession markets does not make a lot of sense, TigerRisk president Rob Bredahl said.
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Experts split on how far the mid-year renewals benefitted reinsurers.
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Manoj Gupta will be taking the new title from Rob Bredahl, who left Third Point Re for TigerRisk in May.
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Chris Beazley’s role has been expanded to include head of reinsurance for MS Amlin after his departure.
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She will be based in San Francisco.
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Bredahl resigned as CEO of Third Point Re this month having held the role since 2017.
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He will be replaced in the role by partners Jarad Madea and Stephen Fromm.
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‘Stalling storms’ are not new, but they may lead to more risk due to increased exposure in coastal areas, TigerRisk said.
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People moves in the industry in the past month.
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Kevin Feldman joins from Guy Carpenter, where he was a managing director.