Tim Ronda appointed CEO as Howden Tiger maximises bench strength for global growth
New York, 27 September 2023 – Howden Tiger, the reinsurance broking arm of Howden, the global insurance group, announces today that Tim Ronda, currently President, Howden Tiger, will take over as CEO on 1 January 2024. Ronda will report to David Howden, CEO, Howden.
Tim will continue to work closely with Rob Bredahl, currently CEO Howden Tiger, and Elliot Richardson, both of whom will be co-vice chair, as well as with Rod Fox who remains Executive Chairman. Bredahl retains a pivotal position in the business and will also assume the title of Executive Chair of Howden Tiger Capital Markets, making this a truly global force, and will be a long-term contributor to Howden Tiger's success. In his new role, Bredahl will have more time to dedicate to clients and the capital markets business.
Ronda joined TigerRisk Partners in October 2021 from Aon where he was latterly Global Geographic Leader of Reinsurance Solutions. He also held the position of President of Reinsurance Solutions for the U.S. and was a member of Aon’s Reinsurance Solutions global executive committee. Prior to his time at Aon, Ronda was Senior Vice President at Guy Carpenter.
The completion of the Howden Tiger transaction in January 2023 cements the firm’s position as a tier one reinsurance broker and strategic advisor for the modern client with almost $450 million of combined reinsurance revenue. The innovative creation of its MGA broking division, SabRE, which places over $6bn of premium, and Howden Tiger Fac, which places in excess of $1bn of facultative reinsurance, highlights Howden Tiger’s core specialisms alongside its market-leading capital markets business and its continued investment in specialty treaty.
Rod Fox, Executive Chairman, Howden Tiger said: “When Tim joined us almost two years ago I said that we had ‘hands down, the best leadership team in our industry’. I’m proud to say that today our bench strength is even better. We are fielding a team that have not only strength, full spectrum geographical reach and depth of expertise across fac, treaty, MGAs, capital markets and advisory, but also a sense of collaboration and infectious energy that will power us forward for our clients. Tim will lead us as we invest to create a different breed of global player.”
David Howden, CEO, Howden Group said: “When we signed the agreement to bring Howden Re and Tiger Risk together we knew that we were creating something special. The market could feel the energy too, and so could the talent who continue to join us as we deliver on a clear ambition to be the fresh and dynamic alternative on a global scale. Today, the leadership team is in place to drive Howden Tiger forward at pace for its clients.”