Howden has announced it will unify its structure under a single global executive
Howden has announced its broking group chief executive José Manuel González will retire from executive positions as the business confirmed it was streamlining its management structure.
González joined Howden in 2007 and was later appointed to lead the firm’s broking business in October 2018.
During his time as chief executive, González’s team grew the business’ revenue from £500m to £2bn.
González will now retire from executive positions and remain with the group as special adviser of its chief executive office.
He will also become chair of Howden Iberia.
It came as Howden announced it was “unifying its structure under a single global executive” in a statement today (16 May 2023).
The move, which will come into force from 1 October 2023, will see the insurance broking, reinsurance broking and underwriting divisions report directly to chief executive David Howden.
He said: “As I said last year when we announced that we had reached agreement to acquire TigerRisk Partners, we have completed the architecture of the Group.
“As we begin the next phase of our growth, it is critical that we have the right structure in place so that we are aligned as one to harness our collective power, protect our culture and to ensure we face our clients and markets as one business.
“We will do this with our retail, specialty, reinsurance and underwriting leaders working together as a single management team.”
People moves
The announcement came after Howden appointed Peter Blanc to head of M&A in April 2023.
In the UK and Ireland, broking operations will be chaired by Barnaby Rugge-Price, who is currently deputy chair of Howden Broking Group.
Rugge-Price will be supported by deputy chairs Paul Redgate and Mark Wood, both of whom have been promoted from the roles of chief executive of global specialty and head of global practices.
Sarah Hughes – currently chief executive of UK specialty – will lead Howden Speciality, which will bring together the current UK Speciality, Global Specialty and Howden Capital, Advisory and Placement (CAP) businesses.
And Carl Shuker will lead the UK and Ireland retail broking operations.
“Our operating model and infrastructure are key to our sustainable growth and we will continue to invest significantly in our support services functions to allow our experts to get on with what they do best – serving our clients,” Howden added.
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Other moves
Meanwhile, Howden’s operations in Turkey will also become part of its Europe region as part of the restructure.
Executive chair of global specialty Andy Bragoli will move to the role of global head of placement and Luigi Sturani will continue to lead the broking operations in Europe.
Sturani will be supported by chief executive of northern Europe Salvador Marin and chairman Danny Sever.
As for resinsurance broking, Howden Tiger will be led by chief executive Rob Bredahl, who currently serves as president of TigerRisk Partners.
Meanwhile, Howden’s underwriting agency and Lloyd’s coverholder Dual will continue to be led by chief executive Richard Clapham and executive chairman Kieran Sweeney.
Olaf Jonda, Damien Coates and John Johnson will also continue to lead Europe, Asia Pacific and the US respectively.
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