Howden
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The broker will join Ron Borys’ financial lines team.
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The broker said WTW hasn’t shown it was irreparably harmed by the defection.
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APIP is one of the world’s largest property programs.
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Ben Hanback joins from Aon, where he spent almost a decade.
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Howden is facing fallout from its push into the US retail market via mass hires.
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A quiet wind season is also expected to further soften the property market.
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The broker will report to Howden US CEO Mike Parrish.
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Dale Krupowicz was also named head of operations for the segment.
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After six years as CFO, Mark Craig is taking on the position of chief investment officer.
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WTW claims at least two $1mn accounts were also unfairly lost to Howden.
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The broker is understood to manage Brown & Brown’s account at Howden.
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Insurers are pleased, brokers are looking for trade-offs, and everyone’s talking about Howden.