Howden Tiger

This follows the broker's rebrand in October last year.

The ILS executive had been with the broker’s Bermuda team two years.

Broker-dealers' year-ahead forecasts have undershot total final issuance in three of the last five years.

Martin Ford joins the broker following a 26-year-stint at Gallagher Re, formerly Willis Re.

The leadership change follows Howden’s landmark acquisition of TigerRisk at the beginning of the year.

She joins after over four years at Securis, where she was head of investor relations and business development.

Radford joins after spending two years at Aon’s Capital Advisory business.

The broking firm’s (re)insurance market update said growth in alternative capital is a now a permanent feature of the market.

Bowood managing director Stephen Greener will chair the entity, which is to place $6bn in GWP.

The former Gallagher Re broker is the second departure from the firm in Bermuda since the Willis Re sale.

The appointment to the ILS unit follows news of Howden’s move to buy TigerRisk.

Its total risk transfer programme is sized at just over $9bn, down $400mn from year-end 2021.

After securing a $1.6bn deal to acquire TigerRisk, Howden said the transaction will create a “much-needed fourth global player” in reinsurance.

Sources indicated talks have been conducted using an adjusted Ebitda figure for TigerRisk of around $85mn-$90mn, which is far higher than previously thought.

The broker spent three years with Aon in Bermuda and New York.

A takeover would boost Howden’s burgeoning reinsurance portfolio.

The panel discussed the need to adapt to ESG and climate change

TigerRisk Partners has added two new brokers to its delegated authority business, including entering the Australian market as it appointed Simon Chandler as head of reinsurance broking programmes and binders.

Tuttle has more than 35 years’ experience in P&C broking and cat modelling.

The global broker has created the new role to develop its analytics offering.

At Lockton Re, Cheney spent the last 18 months as senior broker and co-leader of its property practice.

TigerRisk has taken several bold steps to solidify its position as the fourth-largest reinsurance intermediary in recent months.

The company has also confirmed that new recruit Tim Ronda will join as president later this month.

From ESG to social inflation, systemic risk to cat risk, we highlight some of the top discussions from this year’s four-day virtual conference.