Howden
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Radford joins after spending two years at Aon’s Capital Advisory business. -
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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The broker said that capital levels should stabilise at previous levels, given a normal second half.
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Some cedants paid more than 40% increases depending on Florida concentration and Hurricane Ian losses.
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Minesh Jani will report to Bradley Maltese, CEO of international and global specialties.
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The intermediary recorded “one of the hardest reinsurance markets in living memory” as primary rate increases slowed.
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Tension is emerging at the reinsurance level over the retrenchment from all-perils coverage, which previously offered ‘sleep-easy protection’.
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The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.
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David Howden said insurance protection made the global north more able to respond to catastrophes.
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The product protects firms buying carbon credits from third-party negligence and fraud.
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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 appointment to the ILS unit follows news of Howden’s move to buy TigerRisk.
