Howden Tiger creates new broking division

Howden Tiger has announced the creation of a new broking division, Howden Tiger Fac, which aligns the firm's facultative, consortia, facilities and specialty reinsurance capabilities in a newly combined entity that that places in excess of US$1bn of facultative reinsurance premiums into the market.

Howden Tiger Fac will be led in London by Gordon Craig, as president of the new division. Globally, the division will be chaired by Elliot Richardson, and the board will comprise Luigi Boglione, Marenco Scholz, Dougal Kerr, Stuart Beatty, Lewis Kirby, Sam Gardner, Akshay Reddy and Greg Curtis.

Elliot Richardson, vice-chair and chair of international, Howden Tiger, commented: “Alongside our leading treaty, analytics and capital advisory business, the creation of Howden Tiger Fac is the next stage in our buildout following the launch of Howden Tiger SabRE. Having aligned our Binder and MGA teams under Stephen Greener, Howden Tiger Fac assembles all our facultative, consortia and facilities expertise in one group, enabling us to support our clients and their specific requirements, and giving them the most effective access to all forms of reinsurance capital for facultative and MGA business. Clients now require tailored solutions and Howden Tiger, due to our unique structure and capabilities, will deliver this like no other.”

Rob Bredahl, CEO, Howden Tiger, added: “The aligned capabilities, talent and expertise of Howden Tiger Fac will make it the standout facultative reinsurance broker in the market. This combined reinsurance business will be the difference the market wants, bringing a competitive advantage to current and future clients, and acting as a magnet for talent in the reinsurance market.”

Howden Tiger is a full stack reinsurance broking business of 450 insurance professionals.

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