Howden Tiger, the global reinsurance arm of Howden, is to be renamed Howden Re.

This strategic change follows Howden’s rebrand in October last year, which united its broking operations under one name.

With its reinsurance business following suit, Howden said, it expresses its collective expertise through a single visual identity.

Howden has had an office on the island since its 2021 acquisition of Foram Brokerage Ltd.

Later, the company acquired TigerRisk Partners, a risk, capital and strategic adviser with offices in Bermuda.

The company said Howden’s reinsurance business has consistently outperformed the market since the company’s acquisition of TigerRisk in January 2023, cementing its position as a leading global reinsurance broker.

It added that it was the fastest growing reinsurance intermediary in 2023, with 25 per cent organic growth for the full year.

Gross written premiums surged to $14.5 billion, with the division doubling geographic and office presence, while attracting some of the industry’s leading talent.

It now operates through a team of nearly 900 professionals across 30 countries.

The business said it aims to continue expanding its international footprint, building scale in product and expertise, and attracting top talent through a people-first culture, focused on empowerment and an entrepreneurial approach.

David Howden, chief executive officer, Howden, said: “Howden Tiger has proven to be every bit as transformational for the industry as we envisaged when we announced the deal nearly two years ago, having seen an incredible opportunity to create a fresh alternative of real scale for clients and a long-term home for talent.

“Stand out organic growth has been delivered by bringing the full capability of our diversified and differentiated client offering to bear, with reinsurance as the final pillar of the group’s architecture in place.

“The business will continue to deliver for clients under the Howden Re name as part of a single Howden identity.”

Tim Ronda, chief executive officer of Howden Re, added: “Howden Re’s clients and colleagues are at the centre of our business and success.

“I am proud of the incredible growth we have achieved working together, which has been significantly enhanced by the strength and identity of the Howden group.

“It has allowed us to invest in new and deeper capabilities by product and region, responding locally and globally to the ever-evolving risks managed by our clients.

“I’m excited to be a part of the Howden journey and build on our reputation as a leading reinsurance broker and strategic adviser as we continue to grow.”