Heritage faces disaster losses as net income declines

“Knowledge workers are increasingly defining their careers through expertise and meaningful projects rather than company loyalty, while organisations are building fluid, specialised teams that can adapt quickly to changing market demands,” she said in a statement. Source link

Strategic plan includes three main areas of focus Source link

Lower expenses and improved risk experience lift segment Source link

In the core commercial segment, operating income before taxes was $26.8 million, down from $71.5 million a year earlier. The segment’s combined ratio increased to 103.4% from 93.9% in Q1 2024. Catastrophe losses totaled $46 million, or 8.5 points of the combined ratio, up from $20.7 million, or 3.9 points, in the prior-year quarter.  Source…

They include a new COO and a new CFO Source link

Mubadala, the Abu Dhabi-based sovereign investment fund, and Hg Capital, an existing Howden shareholder, are expected to contribute around $2 billion (£1.5bn) each in equity. The new investment would value Howden at approximately $20 billion, implying a combined valuation of around $30 billion for the group. Source link