Howden Tiger makes key investment to support rapid expansion of European MGAs
London, 7 November 2023 – Howden, the global insurance group, announces the appointment of Enrico Bertagna as Managing Director, leading the MGA division of its reinsurance arm in Europe. This appointment bolsters Howden’s market-leading MGA/Programme broking business, which currently places a combined $6bn of GWP, and positions it to grow significantly in Europe.
Bertagna is a highly experienced insurance executive with over 30 years’ experience, spending over 20 years working for Lloyd’s in Europe, and subsequently leading business development for Allied World and heading the MGA network and MGA Solutions at Zurich.
Elliot Richardson, Vice-Chair, Howden Tiger, said: “We see huge opportunity in Europe for growth in the MGA and fronting space, and expect to see premiums in European MGAs rise rapidly from its current position of approximately $10bn of premium. It is therefore critical that Howden has the talent and local expertise in place to provide European MGAs, coverholders and continental capacity providers with further opportunities to grow profitably. I am confident that we will be the go-to advisor in the European MGA market and Enrico is the perfect person to lead our MGA/Programme offering in the region.”
Stephen Greener, CEO, Bowood, added: “We are delighted to welcome Enrico to the Group. Enrico has developed relationships and business in Europe for over 30 years and brings an unrivalled wealth of expertise and experience. We have asked Enrico to lead our MGA broking business in Europe and we look forward to supporting the next chapter of Enrico’s career dedicated to the development of MGAs and carrier relationships in the region. I am sure Enrico will make a great success of this and I look forward to working with him over the coming years to maximise the opportunity.”
Enrico Bertagna, Managing Director, added: “There hasn’t been a better time and opportunity to build a leading position as a trusted advisor for continental capacity providers and MGAs. I am delighted to have found the ideal home for my vision, and look forward to leveraging the unique talent and expertise that we can deploy”.