Howden
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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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The capital supports the MGA’s excess retro portfolio.
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The broker forecast that this hard market may be more akin to the “discriminate and relatively short-lived" phase following 2005.
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The unit will advise on M&A, capital raising and risk securitisation.
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The Howden analytics arm finds that Covid-19 contributed $26bn of 2020’s $95bnn insured losses at the nine-month stage.
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The firm's managing director says pandemic losses appear to pose no existential threat to the sector.
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José Manuel González becomes CEO of Howden Broking Group, with Rugge-Price named chair.
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Hyperion X estimated retro rates have risen to around 140 percent of their pre-Irma levels.