Takuya Aibe to lead Howden Japan’s retail business following Foresight acquisition

Global insurance intermediary group Howden has launched into the Japanese retail insurance broking and captive consulting and management markets with the acquisition of Foresight Holdings Co. Ltd, appointing Takuya Aibe as CEO of its Japanese retail business.

Founded in 2005, Foresight is a group of companies licensed to offer retail brokerage services. Headquartered in Tokyo, it has 17 staff across six offices that manage captives for 13 large Japanese corporations.

The group is also structured to offer captive consulting services in Japan and captive management services in Micronesia, Singapore, and Hawaii.

The new CEO of Howden Japan’s retail business, Takuya Aibe, was most recently CEO of Gallagher Japan and has previously held several senior positions at Marsh Japan.

Howden observed that this acquisition underlines its strategy to develop its retail offering with specialty and captive expertise in Japan by investing in local, high-quality businesses and talented teams.

Howden announced its entrance into the Japanese market in July 2024 with the appointment of Kentaro Tada as CEO of Howden Japan, the launch of Howden Re Japan, and the strategic capital partnership with Keystone ILS.

Howden Re Japan will reportedly provide reinsurance brokerage services to life and non-life companies, strategic advice leveraging data, analytics, and capital markets expertise, and comprehensive ILS services tailored to various requirements in the Japanese market.

Kentaro Tada, CEO of Howden Japan, commented on the acquisition news, “Partnering with Foresight represents a big leap forward in the development of a broader offering for our Japanese clients and means Howden Japan can now offer retail broking and captive management services alongside its reinsurance and ILS capabilities.

“Hamada-San has created a company with an enviable reputation and highly accomplished team that will help us drive Howden Japan forward at pace.

“We are delighted to welcome Aibe-san and believe that his many years of experience working with international brokers, combined with Howden’s global platform, will enable Howden Japan to best serve its retail customers.”

Kenichiro Hamada, CEO of Foresight said, “After almost twenty years of developing our business, joining with Howden is the next significant step in our growth journey.

“It means that together, we can leverage the full force of our expertise and Howden’s global capabilities, enabling us to better serve clients and develop a leading market position in a highly fragmented captive market.”

Takuya Aibe, CEO of Howden Japan Retail added, “I am very excited to join Howden at a time when the role of insurance brokers in Japan has never been more promising. I look forward to using my experience to serve our Japanese clients and contribute to the expansion of Howden Japan.”

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