Howden Re

What Howden Re does

Howden Re is the global reinsurance broking and advisory arm of Howden Group Holdings, operating as a privately-held subsidiary with a team of 1000+ experts distributed across 40 offices worldwide within five years of its 2021 founding (formed via the landmark 2022 TigerRisk acquisition). The firm serves insurers, reinsurers, MGAs, and captive insurers as cedants, providing an integrated platform that combines reinsurance broking (treaty and facultative), Capital Markets & Advisory (HCMA, including catastrophe bond arrangement and secondary-market development), Strategic Advisory (legacy/retrospective reinsurance, capital and solvency optimization), and Risk Advisory (catastrophe and cyber analytics). Proprietary technology assets include the NOVA client portal, the TigerEye risk visualization platform, Cat Watch (real-time catastrophe monitoring) and Cyber Watch (threat intelligence), supplemented by acquired IP such as Cybeta's US threat intelligence assets and partnerships spanning Brokerassist (secondary-market trading), Mitiga Solutions (volcanic risk modeling for Spain), Isometric (CORSIA carbon insurance), and Fidelis (Broker Connect AI-driven submission automation). Revenue is generated primarily through brokerage commissions on treaty and facultative placements plus fees from capital markets structuring (cat bonds, sidecars) and strategic advisory mandates, with a direct enterprise sales motion through regional offices and FCA-regulated UK entities (Howden Reinsurance Brokers, TigerRisk Partners UK, Howden Capital Markets, and TigerRisk Capital Markets & Advisory). The company is currently pursuing aggressive geographic and capability expansion, including a $500M+ Atlantic Group acquisition (US M&A protection), the Hymans Robertson Insurance Actuarial & Longevity practice (~90 consultants), entry into the US retail market, new offices in Dublin and Germany, and a 31,519 sq ft NYC headquarters lease.

Name

Howden Re

Legal name

TigerRisk Partners LLC

Website

https://howdenre.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Howden Re is the global reinsurance broking and advisory arm of Howden Group Holdings, serving insurers, reinsurers, MGAs, and captives across 40 offices with integrated broking, capital markets, strategic advisory, and analytics capabilities.

Ownership category

akta.pro rank

Product category

Reinsurance Brokerage

NAICS

Portfolio Management and Investment Advice (523940), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Investment Advice (6282)

akta.pro primary industry

Reinsurance Brokerage (FSAEADAE)

Keywords

• Reinsurance brokerage
• Capital markets advisory
• Catastrophe analytics
• Cyber risk advisory
• Strategic reinsurance consulting

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Reinsurance Broking Commission: Howden Re acts as a reinsurance broker earning commissions on placements for ceding companies (insurers) seeking reinsurance coverage. The company facilitates treaty and facultative reinsurance placements, charging commissions typically calculated as a percentage of premium.
2. Capital Markets & Advisory Fees: Howden Capital Markets & Advisory (HCMA) provides capital markets advice and access to global investors, earning fees for structuring solutions including catastrophe bonds, sidecars, and other capital market instruments.
3. Strategic Advisory Services: Strategic advisory services including legacy and retrospective reinsurance, capital optimization, and solvency management consulting for cedants.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Howden Re is a global reinsurance broker that places treaty and facultative reinsurance for insurers, reinsurers, MGAs, and cedants across all major lines of business. The company combines three integrated practices: Risk Advisory, Strategic Advisory, and Capital Markets & Advisory (HCMA), delivering capital solutions including catastrophe bond structuring and access to alternative capital. Howden Re also provides proprietary subscription-based monitoring tools (Cat Watch, Cyber Watch) and platforms (NOVA, TigerEye, Brokerassist) to support reinsurance placement and risk assessment.

Product overview

Howden Re is a global reinsurance broker and advisory firm operating as a platform-plus-modules architecture. The core offering centers on reinsurance broking services complemented by Capital Solutions and Strategic/Risk Advisory. The platform includes proprietary monitoring tools (Cat Watch, Cyber Watch) and client portals (NOVA, TigerEye), with Howden Capital Markets & Advisory providing capital markets and ILS capabilities including catastrophe bond arrangement. The company has expanded through acquisitions including Cybeta's threat intelligence IP and Hymans Robertson's actuarial consulting team, and recently entered the US retail market. Howden Re has grown from one office to 40 offices in less than five years, positioning itself as the fastest growing broker among top-tier competitors.

Differentiator

Problem solved

Functional benefit

Products and services

• Reinsurance Broking

Quantifiable outcome

• Property-catastrophe rates down 14.7% at January 2026 renewal
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability3 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• IsometriccoreStrategic or Co-development Partner · 15 June 2026Carbon registry Isometric partnered with insurance intermediary Howden to launch an open Request for Proposals expanding access to corresponding adjustment (CA) insurance for carbon removal suppliers. Following Isometric's ICAO approval in November 2025 to issue CORSIA-eligible carbon removal certificates, the initiative allows insurers to apply for approval to offer CA insurance to Isometric-registered suppliers, protecting against risk of host countries withdrawing authorization after certificates are issued.
• Fidelis PartnershipcoreStrategic or Co-development Partner · 26 May 2026The Fidelis Partnership announced a partnership with Howden to launch Broker Connect, an AI-driven platform that automates broker submissions and streamlines data exchange between brokers and underwriters for complex risks. The platform aims to eliminate manual processes and reconciliation issues while enhancing speed, accuracy, and data quality across TFP's underwriting, operations, and claims functions.
• Kin InsurancecoreGTM or Marketing Partner · 8 May 2026Howden Capital Markets & Advisory and Howden Re acted as arrangers for Kin Insurance's $335 million catastrophe bond transaction (Hestia Re Ltd. Series 2026-1), the company's largest and most expansive cat bond to date across four bonds providing multi-year storm protection.
• SkyroracoreStrategic or Co-development Partner · 1 May 2026Insurance broker Howden partnered with British space launch company Skyrora to provide comprehensive insurance coverage as the company works toward becoming the first UK company to conduct a vertical rocket launch from UK soil.
• RiskPoint GroupminorGTM or Marketing Partner · 23 April 2026Uzbekistan's state-owned insurance company Uzbekinvest met with international insurance brokers including RiskPoint Group and Howden Re to identify entry points into Scandinavian insurance markets.
• Mitiga SolutionscoreStrategic or Co-development Partner · 31 March 2026Howden Re extended partnership with Mitiga Solutions to develop volcanic risk models for Spain, focusing on the Canary Islands and integrating these models into the national insurance framework. The initiative aims to improve understanding of volcanic hazards such as lava flows and ash fall, leveraging Mitiga's proprietary models and Howden Re's reinsurance expertise.
• BrokerassistcoreTechnology or Integration · 24 March 2026Howden is working with technology company Brokerassist to support secondary market transactions. The platform enables many-to-many interactions between cedents, reinsurers and retrocessionaires while preserving broker-led allocation process. Participants can indicate prices at which they wish to increase or reduce allocations, generating structured supply and demand curves within an optimisation framework.
• Dhipaya Insurance and Ping AnminorStrategic or Co-development Partner · 4 December 2025Howden facilitated a partnership between Chinese and Thai insurers, Dhipaya Insurance and Ping An, to develop Extended Warranty Insurance products for Chinese electric vehicles (EVs) in Thailand, supporting Chinese EV manufacturers' expansion and customer protection with first product launch scheduled for early 2026.

Scale indicators10 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Guy Carpenter: Marsh McLennan's reinsurance and capital advisory arm; the largest direct competitor to Howden Re, offering treaty and facultative reinsurance broking, capital markets and analytics to global cedants.
• Aon Reinsurance Solutions: Aon's global reinsurance brokerage practice, a top-tier competitor in treaty and facultative placements; Howden Re's senior leadership has been recruited from Aon, underscoring direct overlap.
• Gallagher Re: Arthur J. Gallagher's reinsurance brokerage arm, a fast-growing top-tier competitor actively hiring from Howden Re (e.g., Odd Mistereggen); competes in treaty, facultative and ILS advisory.
• Lockton Re: Global reinsurance broker competing across treaty and facultative lines; Howden Re has hired cyber actuarial leadership from Lockton Re, indicating direct talent and capability overlap.
• McGill and Partners: Boutique specialty (re)insurance broker competing in complex/specialty lines; Howden Re has hired from McGill (cyber, casualty) and competes for the same high-net-worth cedant relationships.
• Willis Re (WTW): WTW's reinsurance brokerage business, a top-tier direct competitor in treaty and facultative broking; Howden Re has hired senior casualty talent from Willis Re.

Emerging players

• Acrisure Re: Rapidly growing global reinsurance platform built via M&A; comparable in growth-via-acquisition strategy to Howden Re, though broader in retail and specialty lines.
• Paragon International Insurance Brokers: Independent specialty (re)insurance broker focused on complex and niche risks; competes with Howden Re in facultative and specialty treaty placements.

Broad incumbents

• Swiss Re: One of the world's largest reinsurers (a buyer, not a broker); relevant as Howden Re's largest counterparty and talent source, but operates on the other side of the broking transaction.
• Munich Re: Leading global reinsurer and primary client of Howden Re's broking; not a direct broker competitor but a key supply-side counterparty shaping the market Howden Re operates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/howden-reinsurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Howden Re