Global insurance group

Howden Capital Markets & Advisory

A leading risk, capital and strategic advisor to the global insurance and reinsurance industries. Founded in 2015, Howden Capital Markets & Advisory (“HCMA”) is one of the premier insurance-focused investment banking groups in the industry. Our team covers a broad range of insurance carrier and insurance services companies and offers expertise in M&A, capital raising, general strategic advice and Insurance-Linked Securities.

Our Services

We serve as trusted advisors always recommending ideas and strategies that we would pursue ourselves were we acting in management's capacity.

Strategic / M&A Advisory
Our team has deep experience in providing strategic and M&A advice and has worked on over 150 insurance industry M&A transactions. Our experience spans buy-side and sell-side transactions, fairness opinions, valuation opinions, joint venture formations and general strategic advice. HCMA prides itself on delivering truly objective and insightful advice with a long-term perspective and always in the best interest of our clients. Some of the best advice we have provided has been where we have advised against a transaction that didn’t make sufficient strategic or financial sense.
Capital Raising
Our team has advised on over 200 insurance industry company financing transactions including IPO’s, common stock, convertible preferred, hybrids, surplus notes, high grade debt, high yield debt, bank debt and contingent capital offerings. We advise our clients on effective strategies designed to drive the absolute best pricing and terms to achieve the lowest possible cost of capital. We also have a leading capability on assisting clients with new company formations including de novo reciprocal, primary insurer, reinsurer and MGA formations. We pride ourselves on our ability to objectively evaluate all forms of capital which includes traditional financing as well as traditional and collateralized reinsurance (quota share, excess-of-loss, loss portfolio transfers, adverse development covers) and insurance-linked securities.
Insurance-Linked Securities
HCMA is an expert in structuring, placing, and servicing insurance-linked securities (“ILS”). HCMA’s ILS team has been involved in over 50 Cat Bonds, Sidecars and other ILS securities (Fund Raising, Lloyd’s FAL, etc.) and is fully integrated with our Traditional Broking, Analytics and Advisory teams in delivering expert advice to Howden’s clients and prospects. Our distribution desk has an encompassing approach to trading catastrophe risk, including industry loss warranties (“ILWs”) and parametric products in both derivative and reinsurance form. We are committed to being a leader in the ILS Market across the full suite of products and our expertise has been recognized by Trading Risk as both the industry’s 2022 and 2023 Broker-dealer of the Year.

We are exclusively focused on the global insurance and reinsurance space and as a result have deep industry relationships, knowledge and insights which we utilize to the benefit of our clients.

Why Us?

Our team has a long and successful track record in the insurance sector across M&A advisory, capital raising and insurance-linked securities.

Unparalleled Experience
Unparalleled experience and expertise having advised on the most prominent transactions in the insurance industry. Our team has advised on over 150 insurance M&A transactions and over 200 equity, debt and ILS transactions. Senior-level attention is provided in every transaction.
Leverage the Expertise
Our ability to leverage the expertise and resources of the broader Howden Re organization gives us unmatched relationships with (re)insurers around the world. We have cutting-edge insurance industry analytics, technology, actuarial, pricing, reinsurance, cat modelling and rating agency expertise.
Insurance Knowledge
We pride ourselves on our deep insurance industry knowledge, market intelligence, and innovative culture and differentiated ideas. Unbiased, objective advice always in the best interests of our clients. We use a long-term client relationship model and passion for insurance as it is all we do and we aim to provide an amazing client experience.

Recent Transactions