Howden
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The ILS services specialist has worked in the ILS market in Bermuda for 10 years. -
Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The awards celebration took place at the Hilton Bankside on 25 June.
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In 2024, MGA GWP reached approximately $20bn in Europe.
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Property cat XoL rates were off by around 10% on average on a blended risk-adjusted basis.
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The company is a wholly owned subsidiary of AmTrust Financial.
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The renewal and upsizing of the Trouvaille E&S sidecar highlighted the market’s potential.
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The acquisition expands its global employee benefits business to ~4,000 global employees.
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The London D&F market will shoulder most of the losses.
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Kusche and Rosenberg will co-lead the firm’s global ILS business.
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Paul Poschmann joins from Gallagher Re, where he was a divisional director.
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Cat bonds were a key supply-side driver at 1 January 2025.
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In the best-case scenario, a Big Bend-landing storm could cost $3bn-$5bn, Howden Re said.
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The executive has held senior alternative capital roles at Aon and Guy Carpenter.
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The firms’ partnership preceded Japan's first ‘megaquake’ warning.
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Secondary market activity and hedging would be likely if a Beryl-sized storm tracked toward the US.
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The broker is entering the Japanese market with a focus on ILS.
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Sébastien Bamsey joins from JP Morgan, where he has worked for 18 years.
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Additional capacity for upper-layer coverage is driving rate reductions, the broker says.
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Various trends may work together to hold the cat markets up for longer than some had feared.
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Diversification in perils and regions can help the market grow.
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This follows the broker's rebrand in October last year.
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Arm is based in Guernsey and has a Bermudan management licence.
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Typical ILW attachment points for US peak perils have fallen from $60bn to $40bn-$50bn as the market awaits the final Hurricane Ian number from PCS.
