Howden reveals business overhaul | Insurance Business America

Howden reveals business overhaul | Insurance Business America

Howden Announces Business Overhaul | Insurance Business America

The group introduces a redesign of their leadership

insurance news

By Roxanne Libatique

Global insurance broker Howden Group Holdings (Howden) will unify its business structure under one global leader.

In a press release, Howden confirmed that its insurance, reinsurance and underwriting businesses will report directly to CEO David Howden effective October 1, 2023. The holding company and brokerage operations will also be rebranded under the Howden name and a single visual identity in the same month.

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Howden’s UK&I broking activities are managed by Barnaby Rugge-Price, current Deputy Chairman of Howden Broking Group. He will work closely with Vice Chairs Paul Redgate (current CEO of Global Specialty) and Mark Wood (current Head of Global Practices).

Other changes include the following:

  • UK Specialty CEO Sarah Hughes will lead Howden Specialty, bringing together the current UK Specialty, Global Specialty and Howden CAP businesses.
  • Carl Shuker will manage retail brokerage operations in the UK and Ireland.
  • Andy Bragoli, Executive Chairman of Global Specialty, Appointed Global Head of Placement; And
  • Luigi Sturani will continue to lead brokerage activities in Europe, supported by Salvador Marin as CEO Northern Europe and Danny Sever as Chairman.

Howden’s operations in Turkey will become part of its Europe region. Asia Pacific will be chaired by Mark Wood, while Goh Chye Huat and Matt Bacon will lead Asia Pacific.

India, Middle East & Africa and LatAm will be led by Sonia Caamaño (current CEO International Emerging Markets) and managed by Paul Redgate, with Richard Mockett as CEO MEA and Pablo Bores as CEO LatAm.

Mediation of reinsurance

Rob Bredahl will lead Howden Tiger as CEO, joined by Rod Fox as Executive Chairman, Tim Ronda as President and Elliot Richardson as Vice Chairman

CEO Richard Clapham and Chairman of the Board Kieran Sweeney will continue to lead DUAL.

Other changes include the following:

  • Olaf Jonda, Damien Coates and John Johnson will continue to lead Europe, Asia Pacific and the US respectively; And
  • José Manuel González, CEO of Howden Broking Group, will retire from senior management positions and remain with the group as Special Adviser and CEO Office, becoming Chairman of Howden Iberia, which he founded.

González assumed the position of CEO of the brokerage group in 2018. Under his leadership, the company’s turnover grew from £500m to £2bn in five years by attracting and assembling an impressive team.

Commenting on the changes, David Howden said: “As I said last year when we announced that we had reached an agreement to acquire TigerRisk Partners, we have finalized the architecture of the group. As we enter the next phase of our growth, it is critical that we have the right structure in place so that we are positioned as a unit to harness our collective power, protect our culture and ensure we serve our customers and markets as one meet companies. We will achieve this by bringing our retail, specialty lines, reinsurance and underwriting executives together as a single management team.

“Our operating model and infrastructure are key to our sustained growth, and we will continue to invest significantly in our support services capabilities so our experts can focus on what they do best – serving our customers.”

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