Ardonagh’s Inver Re taps Howden talent for top advisory role
Ardonagh-owned reinsurance broker Inver Re has appointed a new head of advisory with over 20 years of experience in risk and capital management. He joins from Howden.
Mark Shumway (pictured) has joined Inver Re to lead a new advisory practice, working with a growing team of analytics specialists on bespoke solutions. He is based in London.
Shumway was previously head of advisory at Howden, where he launched Howden Capital Markets. He joined Howden (formerly Hyperion X) in 2019 as the head of advisory for HX, having previously worked at JLT Re for over three years, where he served as the global head of strategic advisory.
Before JLT Re, Shumway spent more than 13 years at Guy Carpenter, holding various roles in Singapore, Japan, and New York, including managing director and head of strategic advisory, Asia Pacific. Earlier in his career, he worked at AM Best as a credit analyst and at KPMG US.
Shumway has also guided multiple funds in their early investments in re/insurance risk on a collateralised basis and arranged investment in capacity vehicles. He is an expert in structuring and arranging transactions with alternative capital providers, in insurance credit ratings, solvency regulation, corporate finance, and sector M&A.
Chris Sharpe, head of business development, strategy and innovation said: “Mark brings a remarkable depth of experience and a deep skillset to the Inver Re advisory and analytics team. We are thrilled he has chosen Inver Re for the next chapter of his career and very much look forward to working with him to deliver our world class proposition to clients.”
Shumway commented: “I’m excited to join the talented teams at Inver Re and further expand its services to clients across the world. I can’t think of a finer platform from which to provide clients with insight and customer care—fundamentals often lacking within the broking oligopoly.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
