Howden
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Richard Pike joins Howden Re from Berkley Re, where he was responsible for regional ceded reinsurance.
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Property cat rate increases this January were double those of last year and the highest since 2014. -
European loss experience drove the firm’s index back in line with 2014 levels.
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A new report sets out how to scale insurance and capital for environmental protection projects, for a sector estimated to reach $50bn in size by 2030.
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The partnership seeks to help response and recovery organisations manage the “entire lifecycle” of a catastrophe.
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The hire comes after the intermediary agreed to buy Bermudian business Foram.
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Howden said passing risks onto governments would degrade the value of the insurance industry.
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The hire comes as other challenger brokers have added ILW experts, including Price Forbes and Lockton Re.
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The new team will focus on risk transfer products to help accelerate and de-risk the move towards a low carbon economy.
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The firm claims it will be the world’s first fully sustainable insurer with a unique underwriting approach including ESG criteria.
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Edward Howland Jackson will lead the operation from Singapore.
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The reinsurance broker is looking to recover over £10mn and impose an injunction to ensure the return of confidential information.
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