Howden Re has announced a leadership transition within its senior team, nearly three years after its acquisition of TigerRisk Partners LLP.
The transaction, first disclosed in 2022, marked the formation of a global reinsurance platform.
Elliot Richardson (pictured above) has been appointed executive chair of Howden Re. He succeeds Rod Fox, who is stepping down from the role and exiting the business. Fox had served as executive chair since January 2023 following the completion of the merger with TigerRisk, the firm he founded in 2008.
Richardson brings 37 years of industry experience to the position, including 10 years at Howden. He most recently served as vice chair and chair of international at Howden Re. He joined the group in 2015 after Hyperion acquired RKH and has been involved in shaping the firm’s reinsurance strategy.
In his new role, Richardson will continue to work closely with chief executive Tim Ronda and vice chair Rob Bredahl, who also serves as chair of Howden Capital Markets & Advisory.
Ronda acknowledged Fox’s contributions in founding TigerRisk and his role in building the combined entity.
“With Rob Bredahl and Elliot’s experience I continue to feel very supported,” Ronda said. “Howden Re has attracted a deep set of talented and experienced leaders over the past three years, and we look forward to continue with industry leading client service and finding new ways to deliver for our clients.”
Howden Re reported a 30% increase in organic revenue for the fiscal year 2024, reaching US$600 million. Gross written premium totaled US$18.5 billion during the same period. The firm currently operates with more than 1,000 professionals across 40 offices in 25 countries.
The broader Howden Group also posted growth during the 2024 fiscal year. Adjusted revenue increased by 23%, reaching £3.01 billion, up from £2.44 billion in the prior year.
As part of its expansion strategy, Howden Group completed 65 acquisitions over the reporting period. These acquisitions added scale in key markets and enhanced its product offerings, particularly in specialty lines.
Within Howden Re, the Capital & Operational Solutions Practice has also grown, with several leadership hires to support its expansion. Among them is Paul Ogni, who joined with more than 30 years of experience in claims management and operational advisory. The team’s focus includes enhancing technical advisory capabilities, streamlining operational workflows, and integrating capital efficiency strategies for clients.
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