Hyperion Insurance Group is bringing two of its businesses underneath one roof, saying at present the merger of its retail and specialist broking items. Effective October 01, 2019, Howden and RKH will probably be mixed into one broking group led by one administration crew, with José Manuel González as CEO.
Over a 12-month interval, RKH will transition to Howden’s specialty and reinsurance manufacturers.
Andy Bragoli, along with his function as RKH CEO, will helm a newly-formed UK broking govt committee that may sit above RKH and Howden. Chris Evans, at the moment the CEO of Howden UK, can even tackle the function of Bragoli’s deputy. Paul Redgate will lead the broking group’s international follow alongside Mark Wood.
The regional broking heads will probably be as follows:
- Goh Chye Huat will proceed to guide the Asian operations;
- Louise Cable-Alexander will lead Northern Europe;
- Sonia Caamaño and Pablo Bores will lead Latin America
- Danny Sever will lead Mediterranean operations;
- Atinc Yilmaz will proceed to guide operations in Turkey, Middle East and Africa.
“In 25 years, we have built a group of global scale with employee ownership at its heart,” commented David Howden, CEO of Hyperion. “Hyperion has more than doubled in size since RKH became a part of the group. We have over 5,000 employees, operating out of more than 200 offices in 36 territories, managing circa $7 billion GWP on behalf of clients. We have also launched our Howden One network which, when combined with our broking offices, now means over 15,000 people service clients in over 90 territories and manage around $23 billion of premium.”
He additionally defined that the mixed broking group will supply a novel proposition to the corporate’s US dealer companions, since will probably be the one dealer with a world retail community and the correct experience to serve these purchasers, whereas not competing with them within the territory.
“Combining our two businesses will create a global, cohesive, and efficient platform,” added González.