Reinsurance and risk advisory arm of Howden, Howden Re, has appointed David Hearn as chairman, global clients strategy.
Hearn joins Howden Re as chairman at a time of growth and global expansion.
He brings more than 42 years of experience, most recently as executive vice president at Guy Carpenter, where he was part of the firm’s global account advisory group.
In addition, he held a similar role at Willis Re from 1994 to 2015.
As chairman, global client services, Hearn will support leadership and client service teams across the spectrum of risk and strategic advisory. This will include advising large, multi-product insurance companies with international presence and complex coverage needs.
Tim Ronda, CEO, Howden Re, said: “We are very pleased to welcome David to Howden Re. Our clients are navigating a world of converging change, uncertainty, and risk. Adding David’s expertise and leadership abilities, gained over a four-plus decade reinsurance career, is a testament to our relentless focus on elevated client service and outcomes.”
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By GlobalDataDavid Hearn, newly appointed Chairman, Global Clients Strategy, added: “Howden Re has made impressive progress around the world in a short period – the business is on a growth trajectory that I have not seen in a very long time. Coming out of retirement required joining a team that is truly special and focused on the critical disciplines required to be successful in the reinsurance brokerage business. I have had the opportunity to work with many great clients over my career and I am very much looking forward to becoming part of such a client-centric team, working alongside elite operators, and contributing to the company’s continued growth.”
In May 2024, Howden introduced a new cyber insurance platform specifically designed for SMEs.
The platform aims to break down one of the main barriers SMEs face when trying to access cyber insurance by streamlining the process of purchasing coverage.
SMEs with annual revenues of up to $250m (£196.33m) can obtain cyber insurance through a four-step process via the platform as the system avoids lengthy questionnaires and complex jargon.
The platform, supported by three global carriers, offers limits of up to $6m in capacity.
