The decision comes after Howden’s rebranding initiative in October of the previous year, which consolidated its brokering operations under a single name.
With this latest move, Howden seeks to align its reinsurance business with its overarching brand identity, representing its collective expertise through a unified visual image, the company announced.
According to Howden, its reinsurance division has consistently surpassed market expectations following the acquisition of TigerRisk in January 2023. The division experienced remarkable growth in 2023, emerging as the fastest-growing reinsurance intermediary with a 25% organic growth rate for the entire year. Gross written premiums soared to $14.5 billion, accompanied by a doubling of geographic presence and office locations, as well as the attraction of top industry talent. Currently, the division operates with nearly 900 professionals spread across 30 countries.
David Howden, CEO of the group, said of the move: “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.”
He continued, “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.”
Moving forward, Howden Re aims to further expand its global presence, enhance its product offerings and expertise, and continue attracting top-tier talent. This growth strategy is underpinned by a people-centric culture, focused on empowerment and fostering an entrepreneurial spirit.
Founded in 1994, Howden operates in 55 countries spanning Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia, and New Zealand. The company employs 17,000 individuals and manages $38 billion in premium on behalf of its clients.
