Howden Tiger announces rebrand to Howden Re
Howden Tiger announces rebrand to Howden Re | Insurance Business Asia
Reinsurance
Howden Tiger announces rebrand to Howden Re
Future plans for the firm outlined
Reinsurance
By
Kenneth Araullo
Howden Tiger, the reinsurance division of Howden, is set to undergo a rebranding to Howden Re in April 2024, aligning with the company’s broader strategy to consolidate its broking operations under a unified brand identity.
The move comes on the heels of Howden’s comprehensive rebranding initiative in October last year, which sought to present a cohesive brand across its various business units.
Since acquiring TigerRisk in January 2023, Howden’s reinsurance sector has demonstrated strong market performance. The company emerged as a rapidly growing reinsurance intermediary in 2023, boasting a 25% organic growth rate over the year.
The division’s gross written premiums soared to $14.5 billion, witnessing a significant expansion in both its geographic footprint and office locations. This growth phase also saw the division nearly double its talent pool, with the recruitment of leading professionals in the field. Currently, Howden Re operates with a team of nearly 900 experts spread across 30 countries.
In the future, Howden Re aims to further broaden its international presence and enhance its range of products and services.
“An incredible opportunity”
“Howden Tiger has proven to be every bit as transformational for the industry as we envisaged when we announced the deal nearly two years ago, having seen an incredible opportunity to create a fresh alternative of real scale for clients and a long-term home for talent,” CEO David Howden (pictured) said.
“Stand out organic growth has been delivered by bringing the full capability of our diversified and differentiated client offering to bear, with reinsurance as the final pillar of the group’s architecture in place. The business will continue to deliver for clients under the Howden Re name as part of a single Howden identity.”
Tim Ronda, CEO of Howden Re, also shared his views on the rebranding and the division’s success.
“Howden Re’s clients and colleagues are at the center of our business and success,” he said. “I am proud of the incredible growth we have achieved working together, which has been significantly enhanced by the strength and identity of the Howden Group. It has allowed us to invest in new and deeper capabilities by product and region, responding locally and globally to the ever-evolving risks managed by our clients. I’m excited to be a part of the Howden journey and build on our reputation as a leading reinsurance broker and strategic advisor as we continue to grow.”
Elsewhere for the reinsurance arm, Howden Tiger recently announced the appointment of Carrie Byler as managing director, head of US general casualty.
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