Howden Re

Where could a career in reinsurance take you? Applications are now open for our 2027 Howden Re summer internship programmes in the UK and US. This summer, nearly 50 interns joined us across New York, Minneapolis, London and Bermuda. They worked on real projects, learned from specialist teams and saw first-hand just how many directions a career in reinsurance can take. Now we’re looking for our next cohort. Annabel Gulliver Assoc CIPD, HR Advisor, Howden Re said: “Our internships are about giving people the chance to get properly involved. You’ll work on real projects, learn from specialists across the business and start building the relationships that make this industry what it is. There are so many different directions a career in reinsurance can take you – the internship is a chance to start finding yours.” Ellie Harrington-Hill, 2026 Summer Intern, Howden Re: “I can reflect on how much I’ve learnt over a short period of time, the Internship made me very excited for my career post-uni by providing me with the certainty that reinsurance broking is what I want to go into.” You don’t need to know reinsurance inside out before you start. Our internship provides a hands-on experience where you can meet people from across the business and discover where your own skills and interests could take you. Are you ready to explore what comes next? Apply for our UK and US summer internship programmes: https://lnkd.in/gS8EHJrE #HowdenRe #EarlyCareers #Reinsurance

From geopolitical change and economic uncertainty to evolving risk and reinsurance markets, the forces shaping our industry are increasingly global. That’s why we’re pleased to support the Svenska Försäkringsföreningen Internationell utblick försäkringsbranschen on 15 October – a day of discussion on the international trends shaping the insurance industry.   Sophia Dunér, Managing Director and Co-Head Nordic, Howden Re International, will moderate the event.   Sophia says: “The insurance industry has always been strongest when knowledge is shared. Bringing together experts from different markets creates better conversations and, ultimately, better outcomes for our industry.”   If you’re interested in the international perspective and trends shaping our market, join the conversation.   Register here: https://lnkd.in/g88hrdVE   #HowdenRe #CollectivePower #Reinsurance #Insurance #InternationalOutlook #RiskManagement #SwedishInsuranceSociety

Hurricane Polo has undergone extreme rapid intensification in the eastern Pacific, strengthening from a tropical storm to a Category 5 hurricane in just 24 hours before being downgraded to a Category 4 today.   The storm remains offshore of Mexico’s southwestern coast. As of early 23 September, Polo had maximum sustained winds of 155 mph, with its outer rainbands beginning to reach the coast.   Anna Pergerson, Managing Director, Head of Catastrophe R&D at Howden Re, puts Polo’s rapid development into context: "Polo's rapid intensification increasing over 100 MPH in sustained winds in 24 hours is reminiscent of Hurricane Otis which formed in late October 2023. Otis strengthened by around 110 mph in 24 hours before making landfall near Acapulco as a Category 5 storm, resulting in US$3bn of insured losses. This part of the eastern Pacific has a track record of extreme storms, including Hurricane Patricia, which reached sustained winds of 215 mph off Mexico's Pacific coast in 2015, the highest reliably recorded for any tropical cyclone globally.   With one of the strongest El Niño events on record now developing, we expect the Pacific to remain active. El Niño also tends to increase wind shear over the Atlantic, where the hurricane season has so far remained relatively benign."   Our Howden Re team continues to monitor Polo’s development and potential impacts.   For catastrophe event alerts, sign up to Howden Re Cat Watch: https://lnkd.in/e7gdJW4R   #HurricanePolo #CatastropheRisk #Reinsurance #HowdenRe

The European MGA market continues to grow, despite continue (re)insurance market softening. At the Rendez-Vous de Septembre in Monte Carlo, Sébastien Bamsey, Managing Director at Howden Capital Markets & Advisory, and Eloise Hurley Wellington, Head of European Programmes at Howden Re, spoke to The Insurer TV about where they see opportunities further emerging in the European MGA market. “The European market has got a lot of scope for growth still. A lot of investors that have US platforms are now looking at Europe as the next place where they can expand.” – Sébastien Bamsey “The US has been through this journey already, so we can learn from what’s worked and what hasn’t. Europe has the opportunity to take those lessons, use technology and develop in its own way.” – Eloise Hurley Wellington As competition increases across the wider market, that growth potential is attracting attention from investors, carriers and MGAs alike. Read the key takeaways: https://lnkd.in/dAKcwW_r Watch the full interview here for more on investor sentiment, changing carrier expectations and what new entrants could mean for the European MGA market: https://lnkd.in/ehWSzTCE #HowdenRe #HCMA #MGA #Europe #TheInsurer #MonteCarlo #RVS #EuropeanMGA #InsurerTV

Consortia is becoming more than a way to aggregate capacity at Lloyd’s. Tom Gauge, Managing Director, Howden Re and David DeJong, Managing Director, Howden Re, joined Aditi Mathur of Intelligent Insurer at the Rendez-Vous de Septembre in Monte Carlo to discuss how syndicates are using the model more strategically – and where they see opportunities for further growth. “The profile of the consortium product is growing quickly. In the past, it's been seen as a tool to aggregate capacity around a product expertise. Increasingly, though, syndicates are using it in a much more strategic manner,” Tom said. With underwriting economics in focus, Tom and David discuss how consortia can help syndicates manage capital and underwriting expense, make more of their leadership position and access follow capacity. “For the leaders, it's about monetising that leadership status and being paid to underwrite profitably on behalf of others,” David said. They also explore the potential to use consortia to bring new business into Lloyd’s – and how Howden Re is developing new approaches to data, capacity and placement as the market evolves. Read our key takeaways: https://lnkd.in/d_TuRM4y Watch the full Intelligent Insurer interview: https://lnkd.in/gTvqyJZw #Reinsurance #Lloyds #HowdenRe #Consortia #RVS #MonteCarlo Tom G.

Reinsurers have capital to deploy and clients have problems to solve; the opportunity is bringing the two together. Sebastian Cook, UK CEO and Deputy CEO, International, Howden Re, joined Ben Rose on Supercede’s The Reinsurance Podcast in Monte Carlo to discuss what changing market conditions mean for buyers, brokers and reinsurers. “If you have excess capital, that is fantastic. And if you have client problems to solve, even better. But the skill is in matching the two,” said Sebastian. With competition increasing, Sebastian discusses why client conversations are moving beyond price – from attachment levels and earnings volatility to capital relief, individual perils and structured and parametric solutions. He also shares his perspective on how the broker’s role is changing, why a broader range of capital solutions is becoming relevant to more buyers and where AI is already making a practical difference. Read the key takeaways: https://lnkd.in/d3bk9BW4 Watch the full episode of The Reinsurance Podcast: https://lnkd.in/dM3BGqjm #Reinsurance #HowdenRe #MonteCarlo #TheReinsurancePodcast #Supercede #Capital

A reinsurance contract can run to thousands of pages but reviewing one shouldn’t have to take all day.   Since 2025, Howden Re France has been working with French AI company Dylogy to change that.   Together, the teams have adapted Dylogy’s Wording Analyzer to the demands of reinsurance. A review that once took the better part of a day can now take minutes, giving our specialists more time to focus on the clauses that need their expertise and judgement.   The tool can also benchmark clause usage against Howden Re’s reference library and the wider market, helping give clients clearer evidence when negotiating with reinsurers. But faster analysis doesn’t mean taking people out of the process.   Margaux Déchant, Reinsurance Legal Expert, Howden Re explains: “AI can help us work through large volumes of information much faster, but reinsurance is still built on expertise, judgement and trusted advice. The real value comes from combining the two. The organisations that do well with AI will be the ones that use it alongside industry expertise, not instead of it.”   We spoke to Margaux about what the partnership has changed in practice, why Howden Re chose to build with Dylogy rather than adopt an off-the-shelf tool and where AI could make a difference next.   Read the full conversation: https://lnkd.in/gTytCUGr #Reinsurance #ArtificialIntelligence #InsurTech #Innovation #HowdenRe #Dylogy #AI

A crude oil tanker bound for the US reportedly suffered a cyber incident while transiting the Strait of Gibraltar in early August. The vessel was subsequently boarded by a US multi-agency cyber team in the Gulf of Mexico on 21 August to assess its IT and operational technology (OT) systems, with a second tanker boarded on 24 August following another reported compromise.   Public reporting suggested the first vessel lost communications for around 30 hours and that engine-room systems may have been manipulated. Malicious cyber activity was reportedly identified, although the vessel remained safe to navigate. Technical detail remains limited, and neither the reported operational impact nor attribution has been independently verified.   Incidents affecting vessels — rather than ports or administrative IT networks — are still rarely reported. But the wider picture is worth watching: the US Coast Guard’s Cyber Protection Team has reportedly undertaken 40–50 missions over the past year, while US agencies are reported to be tracking cyber activity affecting nearly 20 vessels globally.   For the (re)insurance market, the immediate cyber insurance impact appears limited. The longer-term issue is connectivity. As vessels become increasingly networked, the potential interaction between cyber threats, OT, marine risk and geopolitical tensions becomes harder to separate. New US maritime cybersecurity requirements, introduced in 2025 and being phased in through 2027, should also increase visibility of incidents that might previously have gone unreported.   “The important point is not to overstate what we know about this individual incident. Technical detail remains limited and some of the reported effects have not been verified. What is notable is that the alleged activity reached beyond administrative IT to the vessel itself. As ships become more connected — and reporting requirements improve — we should expect greater visibility of cyber activity affecting maritime operations,” Harriet Gruen, Head of Cyber Threat Intelligence, Howden Re said.   "Marine risk has always reflected the interaction between technology, trade and geopolitics. Greater connectivity adds another layer: a cyber event affecting a vessel’s operational systems has the potential to move quickly from a digital issue to a physical and commercial one. Even where the immediate insured impact is limited, understanding those dependencies will become increasingly important for insurers and reinsurers,” Richard Miller, Managing Director, Global Specialty Treaty, Howden Re said.   Howden Re Cyber Watch provides insurers and reinsurers with curated, data-driven reporting and alerts on emerging cyber threats, combining threat intelligence with exposure analysis to support cyber risk decisions. To receive Cyber Watch alerts and research directly, sign up here: https://lnkd.in/eg3z_HRb #HowdenRe #Cyber #CyberRisk #Marine #Reinsurance #ThreatIntelligence Harriet G.

David Flandro, Head of Industry Analysis and Strategic Advisory at Howden Re, joined David Benyon on The Political Risk Podcast to unpack the paradox at the heart of today's reinsurance market. Reinsurance is coming off historically high pricing and capacity remains plentiful. Meanwhile, geopolitical risk, interest rates and the wider cost of capital remain elevated. David notes that cedants have an opportunity now to reconsider how they use today’s market to prepare for what comes next. Drawing on Howden Re’s Breaking the Glass research, David discusses what history tells us about market turning points and why they tend to result from several pressures converging rather than one event. He also discusses Howden Re Market Signal, which allows clients to test different assumptions around capital, interest rates and losses and explore what those scenarios could mean for market direction. “The prevailing wisdom is, we're overcapitalised, we've got lots of profit, things are going to keep going the way they are. And that's probably true. But I'm just saying that the tail case is probably fatter than people realise,” David said. The episode also explores the wider implications of conflict in the Middle East and why geopolitical risk is becoming more important to how insurers and reinsurers analyse risk. Read our key takeaways: https://lnkd.in/gw8vJHeb Listen to the full episode of The Political Risk Podcast: https://lnkd.in/gzvu23Jn #Reinsurance #HowdenRe #Geopolitics #PoliticalRisk

What would it take to turn the reinsurance market? Test the pressure points with Howden Re Market Signal. Developed alongside our Breaking the glass report, our new interactive risk scenario generator lets you explore how a shock year could affect reinsurance capital, and what it could mean for the direction of rates. Move the levers on catastrophe losses, interest rates and reserving. See how they interact; explore the potential impact on industry capital, combined ratios and the resulting rate signal. David Flandro, Head of Industry Analysis and Strategic Advisory, Howden Re commented: “Reinsurance markets rarely turn because of one event in isolation. It’s usually the interaction between underwriting losses, capital and the wider economic environment that creates the conditions for change. Howden Re Market Signal lets you test those pressures together and see what it could take to alter market direction.” The tool builds on the central argument in Breaking the glass: a successful ‘break-the-glass’ strategy should ultimately mean the glass never needs to be broken. With current trends appearing firmly in place, now is the time to broaden the toolkit, to diversify and to preserve and build optionality. Preparing for the next market dislocation means studying different eventualities. Individual shocks matter, but the combination of pressures can be more consequential. Nena Atkinson, Associate Director, Strategic Advisory, Howden Re commented: “In Breaking the glass, we undertook extensive analysis of historical (re)insurance cycles, examining the catalysts for periods of dislocation. Howden Re Market Signal applies the insights from that work to today’s conditions, exploring what happens when the current, relatively favourable starting position is subjected to some of the pressures we observed. Grounded in real market data, the tool lets you stress catastrophe losses, interest rates and claims cost inflation to give an illustrative indication of how different combinations of those pressures might affect reinsurance capital and near-term rate momentum.” Explore Howden Re Market Signal: https://lnkd.in/e296Niqr Read Breaking the glass: https://lnkd.in/eDHx6D6T #HowdenRe #Reinsurance #Risk #BreakingTheGlass