Howden Re Japan Enters Market with Tailored Reinsurance Solutions
Howden, a UK-based insurance broker, has made a strategic move into the Japanese market with the launch of Howden Re Japan. This new venture will provide reinsurance brokerage services and strategic advice to both life and non-life companies in Japan. Kentaro Tada, a seasoned professional in the reinsurance industry, has been appointed as the CEO of Howden Japan to lead the growth of operations in the country.
One of the key focuses of Howden Re Japan is to leverage data, analytics, and capital markets expertise to offer tailored reinsurance solutions to its clients. In line with this strategy, Howden has also invested in Keystone, a Japanese company specializing in Insurance-Linked Securities (ILS) structuring and capital markets advisory services.
The demand for ILS services in Japan has been on the rise due to the frequent occurrence of natural disasters and the resulting economic losses. Additionally, there is a growing need to diversify capital sources and innovate in the reinsurance sector, which Howden aims to address through its expertise and offerings.
David Howden, CEO of Howden, expressed his excitement about entering the Japanese market and highlighted the company’s commitment to delivering dynamic and entrepreneurial solutions to clients. He emphasized the importance of collaboration and long-term relationships in achieving success in the market.
Kentaro Tada, CEO of Howden Japan, emphasized the company’s dedication to improving disaster resilience and corporate sustainability in Japan. With the country facing significant risks from natural disasters, cyberattacks, and geopolitical tensions, Howden’s global expertise can provide valuable insights and solutions to mitigate these risks.
In addition to its expansion into the Japanese market, Howden recently signed an agreement for the acquisition of AGEO brokerage group, an employee benefits insurance broker based in Paris. AGEO serves a wide range of clients with expertise in employee benefits, health insurance, policy administration, claims management, retirement and pensions services, and property and casualty capabilities.
Overall, Howden’s entry into the Japanese market and its strategic investments reflect the company’s commitment to providing innovative and tailored solutions to clients in the reinsurance sector. With a focus on data, analytics, and capital markets expertise, Howden Re Japan is well-positioned to meet the evolving needs of the Japanese market and drive growth in the region.