DAVID HOWDEN: TIGERRISK DEAL WILL 'MASSIVELY ACCELERATE' REINSURANCE GROWTH

Howden Group chief executive, David Howden, has said now was the right time to strike a deal with TigerRisk Partners after the idea for a tie-up was first seeded a number of years ago. Speaking to Insurance Day, Howden said the transaction, unveiled on June 9, will “massively accelerate” the combined businesses’ growth in the reinsurance market and provide “a really credible alternative” in the broking sector. He said he first started talking to Tiger Risk co-founder Rod Fox around four years ago during a lunch at Cliveden House hotel in Berkshire. But was around nine months ago that conversations about an acquisition became serious. “We always knew there was a very strong strategic fit. We knew Tiger had a culture that was entrepreneurial. What became very clear was that now was the right time,” Howden said.