Howden
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Southern is said to have diverted 36 clients with $4mn in annual revenues from Marsh. -
The appointments will grow Augment’s programmes operation.
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Plus, the latest people moves and all the top news of the week.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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The US CEO said the acquisition will be “truly transformative” for its TL clients.
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Atlantic’s founders are to become Howden shareholders.
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The market was unphased by January’s record wildfire loss in Los Angeles.
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Defendants can service clients who signed BOR letters as of December 29.
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Jim Hays outlined $90mn in stock losses as Howden called Brown & Brown’s narrative “false and inflammatory”.
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Former Aon employees are barred from using Aon’s confidential information.
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The broker is seeking an injunction, arguing it lost customers to Howden over the weekend.
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Insurance Insider reflects on the themes that shaped 2025 for the London market.
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Sources said hundreds of Brown & Brown staff across various offices have left to join Howden US.
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The parties now have 60 days to file a stipulation to dismiss the action.
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Pricing in the D&O market is starting to flatten after several years of steep decreases.
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The broking group also increased its euro loan by EUR160mn to EUR1.16bn.
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Rowan Douglas steps down as Howden climate risk CEO, stays on as senior adviser.
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Clive Strickland previously worked at Gallagher, where he had been a partner since 2020.
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Mark Wood chairs Howden Asia Pacific and Howden Private Wealth, and is deputy chair of UK&I.
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The transaction is expected to close early in the first quarter of 2026.
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Sources said the deal will value the US M&A insurance broker at over $500mn.
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Marsh has accused its former execs of flouting a preliminary injunction.
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Marsh is also seeking expedited discovery in a related talent poaching case.
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Parties will now brief on a request for a preliminary injunction on an expedited timeline.
