Howden
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The broker will join Ron Borys’ financial lines team. -
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.
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Alliant is in the process of moving the ~$1bn of business it places with Howden to other wholesalers.
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Landa was part of the team lift led by Michael Parrish, who is CEO of the US retail arm.
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She previously served as Hub’s North American casualty practice leader.
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The executive joins the company after 17 years at Aon.
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The executive has also held senior positions at Lockton and Marsh.
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The executive will join Howden’s new US retail broking operation.
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Global pricing is now 22% below the mid-2022 peak.
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The executive met with UK colleagues to discuss plans for the US business.
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A federal judge restricted former Marsh employees from soliciting for Howden.
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Rates will remain elevated in a period of structurally higher risk premia.
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In June, this publication revealed that Apollo had appointed Evercore and Howden to run a process.
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The company said defendant "distraction" can’t make up for flimsy arguments.
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Parrish, now CEO of Howden US, and his colleagues said they didn’t violate contracts.
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A key hearing in the poaching case is set for September 4 in New York.
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The move is a retaliation to Howden’s US retail launch.
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The plaintiffs seek a declaration that part of Marsh recruits’ restrictive covenants are unenforceable.
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CEO David Howden accused rivals of “restricting choice for their own clients”.
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Group CEO David Howden says: ‘Our doors are open’.
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An industry veteran of 34 years, the executive is known for placing US healthcare business in London.
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The suit asserts the raid will cause “incalculable harm” to the broker.
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The lawsuit claims more than 100 employees left with Parrish and his three reports.
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Staff targeted include producers that channel business through Howden’s London wholesale arm.
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It is slim pickings for quality mega deals and the brokerage has an in-built need for speed.
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The expansive European broker is targeting Mike Parrish’s team and former McGriff staff.
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The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The move follows a recent string of initiatives for Howden in Latin America.
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In The Car offers embedded auto insurance by integrating policies into dealership management systems.
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Howden has been expanding its South American presence through M&A.
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Howden recently expanded in South America with the takeover of Contacto and Innova Re.
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A 20% increase in FHCF retention levels sent cedants to the private market.
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The broker called on carriers to expand coverage into new specialisms.
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Fox highlighted the increasing role of alternative capital and creative financial vehicles.
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The executive will oversee Howden Re’s treaty and fac business in Miami as well as the firm’s specialty insurance unit.
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The broker said the burgeoning class of business was still finding its stride.
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The UK broker is still in talks with Mubadala about a standalone investment in the business.
