Howden Re names Elliot Richardson as Executive Chair as Rod Fox steps down

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has appointed Elliot Richardson as its new Executive Chair, as Rod Fox has decided to step down and leave the business.

Fox, the founder of TigerRisk Partners LLP, had been Executive Chair since the merger of the two businesses.

Founded in 2008, TigerRisk was acquired by Howden in January 2023, a landmark deal that created a global reinsurance platform and a “fourth tier-one global reinsurance broker.”

Richardson has 37 years of insurance industry experience, including a decade at Howden, most recently as Vice Chair and Chair of International, Howden Re. He joined the business in 2015 following Hyperion’s acquisition of RKH and has been instrumental in the growth of Howden’s reinsurance arm.

Richardson will continue to work alongside Tim Ronda, Howden Re’s Chief Executive Officer and Rob Bredahl, Vice Chair of Howden Re and Chair of Howden Capital Markets & Advisory.

Ronda commented, “We are grateful to Rod for his vision in establishing TigerRisk and his part in creating the outstanding business we have today. As we continue to build on our foundation of talent and a truly differentiated client offering, I am delighted that Elliot has taken on this role.

“I am grateful every day for his counsel and business acumen. With Rob Bredahl and Elliot’s experience, I continue to feel very supported. Howden Re has attracted a deep set of talented and experienced leaders over the past three years, and we look forward to continue with industry-leading client service and finding new ways to deliver for our clients.”

Richardson added, “I am enormously proud of what we have built at Howden Re and honoured to be Executive Chair supporting Tim and all of our colleagues. Our culture of collaboration, innovation, and investment in talent has enabled us to build a high-performance, high-delivery environment where colleagues are empowered, and clients are valued and served. I’m excited for the future.”

Over the last three years, Howden Re has grown significantly. In FY’24, the firm’s organic revenue rose by 30% to $600 million and recorded $18.5 billion of gross written premium.

The reinsurance broker has made many strategic investments, including cyber, casualty, and analytics and has significantly expanded its global footprint.

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