Howden announces multi-million funding for reinsurance division

Howden Group has unveiled an investment of £62m in Tamesis Dual, the reinsurance division of Dual group, which is part of Howden Group.

The funding has been in place since the start of the year and was provided jointly by Howden and an unnamed third-party investor.

David Howden, CEO, Howden Group, said: “This deal represents our first underwriting capital commitment in support of Dual and I'm delighted to welcome a third-party investor to sit alongside the group for this transaction. We will join Tamesis’ existing partners and enhance their already excellent position in the reinsurance market.”

Richard Clapham, CEO, DUAL Group, added: “It’s fantastic that Tamesis is to be the first to benefit from this new capital, which is testimony to their underwriting acumen and their exemplary track record in underwriting retrocessional Excess of Loss. This new binder, supporting this class, gives Tamesis increased capacity in an area which is seeing significantly improved pricing.”

    Share Story:

Recent Stories