Howden Re, the reinsurance arm of Howden Group, has appointed David Santos as managing director and Antonio Pombo as director to launch its operations in Iberia.
Both executives will be stationed in Madrid, focusing on the development of Howden Re’s reinsurance services within the region.
According to the company, Santos and Pombo, both joining from Nacional Re, bring a deep understanding of the reinsurance landscape in Spain, Portugal and Andorra.
At Nacional Re, Santos held the role of commercial director, while Pombo was responsible for managing client relationships as senior client manager for Iberia.
Santos said: “With Howden Re’s entrepreneurial culture and commitment to long-term investment in the region, we are well placed to deliver innovative, client-first reinsurance solutions. I am proud to lead this next chapter.”
The establishment complements the existing insurance brokerage and managing general agent (MGA) operations of Howden Group in the area, enabling the company to provide an expanded suite of services.
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By GlobalDataThe move is also in line with Howden Re’s strategy to enhance its global platform, following recent expansions into other key markets including the United Arab Emirates, Saudi Arabia, South Africa and India.
Howden Re Continental Europe head Tobias Andersson stated: “We are thrilled to launch Howden Re in Iberia, a key milestone in our ongoing expansion across Europe and investment in our growing international team. David and Antonio bring exceptional client insight and deep market expertise, which will be critical as we build our capabilities in the region.
“In Iberia we benefit from the strong existing business of Howden Group, and this provides a great opportunity for close collaboration to bring value to clients.”
Last month, Howden Re obtained a full reinsurance licence from the Dubai Financial Services Authority to operate within the Dubai International Financial Centre.
The licence will allow the company to offer a wider range of reinsurance services focusing on treaty, facultative and MGA reinsurance solutions.
