The novation ‘fits squarely into our rapidly growing reinsurance portfolio,’ says CEO.
Howden aims to establish itself as the European-focused alternative in the broking market.
‘We will have to turn away some deals or not be able to extend further on others.’
US NHC expects ‘continued intensification during the next 24 to 48 hours’
The insurer offered 80 million shares priced between $21 and $24 per share.
The broker aims to build a ‘robust’ digital marketplace that makes it simple to transact business.
Improved investment earnings outlook can’t overcome claims and retrocession cost barriers.
The executive has formerly held senior roles at RiverStone, R&Q, Hartford and Nationwide.
Fusion Specialty looks to cement its presence within the London market and continental Europe.
US MGAs increase premium flow for top carriers by 19% in 2021.