The new company is set to make its formal debut at the British Insurance Brokers’ Association conference, taking place on 15 to 16 May in Manchester.
Following the rebranding of its broking operations in October 2023, Howden aims to express its collective expertise in the reinsurance business through a single identity.
The consortium will initially offer a maximum line of US$40 million, led by Antares with a 75 per cent share.
Global reinsurer capital increased by 17 per cent to US$670 billion in 2023.
Geddes’s former role as head of property and allied lines for MS Amlin will be filled internally by Simon Morgan.
The new parametric solutions, available across perils and a range of industries, are designed to help protect clients against the occurrence of a specific and trigger-based event.
Before joining the trade association, Work served as senior vice president of government relations at the Self-Insurance Institute of America
Frequency of events is the main driver of insured loss accumulation, with severe convective storms accounting for a record high of US$64 billion in 2023
