Big changes at Howden Tiger: Tim Ronda to ignite global growth as CEO
Howden Tiger, the reinsurance broking powerhouse within the Howden Group, is set to unleash a new era of global growth under the leadership of Tim Ronda. Currently serving as the president, Ronda is to ascend to the role of chief executive officer (CEO) in January 2024, succeeding Rob Bredahl.
The strategic move is aimed at harnessing its bench strength to create what it describes as a “different breed of global player”.
Ronda (pictured left) will report to Howden CEO David Howden. He will continue to work closely with current Howden Tiger CEO Bredahl (pictured right), Elliot Richardson, and Rod Fox who remains executive chairman.
Bredahl and Richardson will become co-vice chair. Howden said Bredahl will retain a pivotal position in the business and will also assume the title of executive chair of Howden Tiger Capital Markets. In his new role, Bredahl will have more time to dedicate to clients and the capital markets business.
Ronda joined TigerRisk Partners in October 2021 from Aon where he was latterly global geographic leader of Reinsurance Solutions. He also held the position of president of Reinsurance Solutions for the US and was a member of Aon’s Reinsurance Solutions global executive committee. Prior to his time at Aon, Ronda was senior vice president at Guy Carpenter.
The Howden Tiger transaction completed in January 2023, cementing the firm’s position as a tier one reinsurance broker and strategic advisor with almost $450 million of combined reinsurance revenue. Its MGA broking division SabRE places over $6 billion of premium, and Howden Tiger Fac places in excess of $1 billion of facultative reinsurance.
Fox, executive chairman, Howden Tiger said: “When Tim joined us almost two years ago I said that we had ‘hands down, the best leadership team in our industry’. I’m proud to say that today our bench strength is even better. We are fielding a team that have not only strength, full spectrum geographical reach and depth of expertise across fac, treaty, MGAs, capital markets and advisory, but also a sense of collaboration and infectious energy that will power us forward for our clients. Tim will lead us as we invest to create a different breed of global player.”
David Howden, CEO, Howden Group said: “When we signed the agreement to bring Howden Re and TigerRisk together we knew that we were creating something special. The market could feel the energy too, and so could the talent who continue to join us as we deliver on a clear ambition to be the fresh and dynamic alternative on a global scale. Today, the leadership team is in place to drive Howden Tiger forward at pace for its clients.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
