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.

Edwards will begin his new role in October and comes as TigerRisk looks to expand its P&C team.

Oliver Denbigh had been at Aon since 2012, most recently as a senior broker on its non-marine specialty team.

Some pointed to low average costs to fix burst pipe claims, while others warned that BI could drive up losses.

The CEOs of Aon Reinsurance Solutions, Willis Re and TigerRisk predict limited rate gains, but up to $10bn of incoming capital.

Lawrence Po-Ba was hired by the firm to source capital solutions for Lloyd’s syndicates in May.

Joe Jackson becomes the latest in a line of retro or reinsurance brokers to transfer to the smaller intermediary.

His departure marks the fifth senior retro broker to leave Aon in recent weeks.

Denbigh is the fifth senior Aon retro broker to leave the firm in recent weeks.

Former Securis executive Lawrence Po-Ba will focus on sourcing capital solutions for Lloyd’s syndicates.

The deal will “capitalise on a dynamic competitive landscape and continue our strong growth trajectory”, Rod Fox says.

Brian O’Neill most recently served as a managing director at Guy Carpenter and head of the Tampa office.

Collateral negotiations are coming to the fore in retro renewals.

Bill Cooper moves from a consultant role to leader of the broker’s investment banking business.

Chris Conway joins TigerRisk from Neon Underwriting Bermuda, where he was senior vice president.

The significant pricing difference between the reinsurance and retrocession markets does not make a lot of sense, TigerRisk president Rob Bredahl said.

Experts split on how far the mid-year renewals benefitted reinsurers.

Manoj Gupta will be taking the new title from Rob Bredahl, who left Third Point Re for TigerRisk in May.

Chris Beazley’s role has been expanded to include head of reinsurance for MS Amlin after his departure.

She will be based in San Francisco.

Bredahl resigned as CEO of Third Point Re this month having held the role since 2017.

He will be replaced in the role by partners Jarad Madea and Stephen Fromm.

‘Stalling storms’ are not new, but they may lead to more risk due to increased exposure in coastal areas, TigerRisk said.

People moves in the industry in the past month.

Kevin Feldman joins from Guy Carpenter, where he was a managing director.

David Unsworth has previously worked at JLT Re and Guy Carpenter.

The corporate finance adviser has held roles at Deutsche Bank, Citigroup and Morgan Stanley.

Former Aon broker Jonathan Hughes will join the firm's retrocession team, reporting to head of retro Alex Bridges.

TigerRisk said that the platform could handle more customised ILS issuances as well as standardised transactions.

An "awful lot" of trapped ILS capital may turn out to be lost capital as 2017 claims evolve, chief underwriting officer at QBE Re Jonathan Parry said during a panel debate at Trading Risk's London ILS event last week.