Howden CAP plucks Marsh credit specialties CEO to become ‘dominant player’ in market
Re/insurance broker Howden has hired the chief executive officer of Marsh’s credit specialties business, UK & Ireland, as part of its strategy to become a “dominant player” in the market for insurance advisory.
Matthew Strong will join Howden CAP once his contractual obligations are discharged. He will serve as managing director, credit and political risks, Howden CAP – the broker’s capital, advisory and placement business. Strong will be based in London and become a member of Howden CAP’s executive committee.
With 25 years of industry experience, Strong has a track record of advising companies on complex risk transfer solutions in Asia, the US and the UK. He joins Howden CAP from Marsh where he most recently served as CEO, credit specialties, UK & Ireland. Prior to that, he spent more than 15 years at JLT, holding a range of senior positions, including CEO, credit, political and security risks.
Howden CAP focuses on four service lines – insurance for M&A transactions, tax & contingent risks, surety and credit & political risks.
Mary O’Connor, CEO, Howden CAP, said: “We are delighted that Matt has chosen to join Howden CAP. He has exceptional knowledge and expertise, and his combination of leadership, expertise and global outlook will support our ambitious plans to become the market leader in capital and insurance solutions. I look forward to welcoming him to the team.”
Drew Wardrope, deputy CEO, Howden CAP, added: “As we look ahead, Matt will bring a fresh perspective to the business and his broad, international experience in credit, political and security risks will be vital as we look to advise our clients on long-term capital solutions as they face an increasingly demanding macroeconomic and political environment. He joins us at a hugely exciting time and I look forward to working with him closely.”
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