Howden Tiger announced the formation of a new brokerage division, Howden Tiger Fac, which will align the new combined company’s optional, consortia, facilities expertise and specialized reinsurance capabilities.
Howden Tiger Fac will be led in London by Gordon Craig, who has been named president of the new division, and will include specialists in power, energy, construction, casualties, property, consortia and facultative facilities specialisms. Globally, the division will be chaired by Elliot Richardson, and the board will include Luigi Boglione, Marenco Scholz, Dougal Kerr, Stuart Beatty, Lewis Kirby, Sam Gardner, Akshay Reddy and Greg Curtis.
The combined entity of Howden Tiger Fac will consolidate Howden Tiger’s leading market position in London by marketing premiums in excess of $1 billion in facultative reinsurance premiums.
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Following the recent launch of Howden Tiger SabRE, an MGA/program broker division comprising specialists from Bowood, Howden’s specialist delegated binding authority division and Howden Tiger’s Coverholder teams, Howden Tiger Fac builds on this integrated approach and reflects Howden Tiger’s commitment to providing greater choice offer for customers.
Howden Tiger is a full stack reinsurance brokerage firm of 450 insurance professionals, with complementary strengths, and a market leader in Treaty, Optional, Capital Markets, MGA and Analytics.
“In addition to our industry-leading treaty, analysis and capital advisory activities, the establishment of Howden Tiger Fac is the next phase in our build following the launch of Howden Tiger SabRE. Having aligned our Binder and MGA teams under the leadership of Stephen Greener, Howden Tiger Fac brings together all of our facultative, consortia and facility expertise into one group, enabling us to support our clients and their specific requirements and help them the most effective access to all forms of reinsurance. capital for Facultative and MGA business,” said Elliot Richardson, Vice President and President of International, Howden Tiger.
“Howden Tiger Fac’s matched capabilities, talent and expertise will make it the standout facultative reinsurance broker in the market. This combined reinsurance business will make the difference the market wants, provide a competitive advantage to current and future clients and act as a magnet for talent in the reinsurance market,” said Rob Bredahl, CEO of Howden Tiger.
About Howden Tiger
London-based Howden Tiger serves domestic and regional insurers, MGAs, reinsurers and other major international clients. Howden Tiger employs 450 people across 30 offices in London; Stamford, Connecticut; New York; bermuda; Hong-Kong; Minneapolis; Chicago and Raleigh, NC. With nearly $400 million in revenue, Howden Tiger is the world’s fourth-largest global reinsurance broker.
Source: Howden Tiger
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