Howden to launch new platform for insurance startups
Howden will establish an end-to-end platform to help insurance startups launch and scale by bringing together funding, capacity, expertise, governance, and distribution.
Howden is hiring Tom Hoad to lead this new initiative and he will join the company “once he has fulfilled his contractual obligations.” Hoad is joining the company from Tokio Marine Kiln.
“It is crunch time for the insurance industry; with volatility higher than ever and the risks of tomorrow very different from those of today, we need to innovate to remain relevant, and we need to do it quickly. Tom’s unparalleled ability to identify great ideas and quickly assemble and motivate diverse project teams will enable us to create the perfect platform for entrepreneurs to transform their start-ups into highly attractive, scalable ventures that deliver the solutions clients so desperately need.” – David Howden, CEO of Howden Group.
“Thanks to pioneering initiatives like the Lloyd’s Lab, and forward-thinking insurers like Tokio Marine Kiln, there are some incredible, much-needed innovations coming to market that have the potential to reinvent the entire value proposition of our industry. With its breadth and depth of distribution, strong relationships with all the major capacity providers, and a huge appetite for innovation, Howden is the perfect home for a platform that combines all of the needs of the entrepreneurial ecosystem in one place. I look forward to helping them to create it!” – Tom Hoad.