{"id":10220,"date":"2025-10-31T05:45:42","date_gmt":"2025-10-31T05:45:42","guid":{"rendered":"https:\/\/www.advantagego.com\/en-us\/?p=10220"},"modified":"2025-10-31T05:45:44","modified_gmt":"2025-10-31T05:45:44","slug":"voi-podcast-with-howden-re-ceo-tim-ronda","status":"publish","type":"post","link":"https:\/\/www.advantagego.com\/en-us\/content\/voi-podcast-with-howden-re-ceo-tim-ronda\/","title":{"rendered":"Howden Re CEO Tim Ronda on gaining an edge in the competitive reinsurance market"},"content":{"rendered":"\n<p><iframe title=\"Ep274 Tim Ronda CEO Howden Re: The System is Working\" allowtransparency=\"true\" height=\"150\" width=\"100%\" style=\"border: none; min-width: min(100%, 430px);height:150px;\" scrolling=\"no\" data-name=\"pb-iframe-player\" src=\"https:\/\/www.podbean.com\/player-v2\/?from=embed&amp;i=bu7n9-19a5977-pb&amp;share=1&amp;download=1&amp;fonts=Tahoma&amp;skin=3267a3&amp;font-color=auto&amp;rtl=0&amp;logo_link=episode_page&amp;btn-skin=1b1b1b&amp;size=150\" loading=\"lazy\"><\/iframe><\/p>\n\n\n\n<p>Howden Re CEO Tim Ronda believes the recipe for success in a competitive reinsurance market starts with having the right talent and keeping them happy.<\/p>\n\n\n\n<p>He told Voice of Insurance podcast host Mark Geoghegan: &#8220;We spent a lot of time trying to attract talent around the globe, by region and by product, where we didn&#8217;t have it before, and that&#8217;s sort of translated into 650 new colleagues in the last three years at Howden.&nbsp;<\/p>\n\n\n\n<p>&#8220;So, I think our story really is the people that we&#8217;ve accumulated how they can impact clients, how they can help clients grow, how they can give a different type of client service to clients, and then the byproduct of that is that we then have some revenue growth that&#8217;s associated with.&#8221;<\/p>\n\n\n\n<p>When it comes to the war on talent, the reinsurance industry is known for having a fierce battle.<\/p>\n\n\n\n<p>Ronda stressed contented staff are likely to stay.<\/p>\n\n\n\n<p>Howden is one of the largest employee-owned private firms in the country &#8211; a key to the broking group&#8217;s success.&nbsp;<\/p>\n\n\n\n<p>Ronda said: &#8220;Are they happy here? Are they happy with the responsibility that they&#8217;ve been given?&nbsp;<\/p>\n\n\n\n<p>&#8220;Are they happy with their role with clients within the company? And if they&#8217;re happy here, then I&#8217;m less worried about them being attracted to go somewhere else where they could be happier.&#8221;<\/p>\n\n\n\n<p>Ronda&#8217;s journey with Howden began in October 2021 when he joined from Aon.&nbsp;<\/p>\n\n\n\n<p>Ronda was President of Howden Tiger before taking over as CEO on 1 January 2024.<\/p>\n\n\n\n<p><strong>Casualty data lake&nbsp;<\/strong><\/p>\n\n\n\n<p>Ronda highlighted how innovation is key to Howden&#8217;s success. As an example, he said they were building a &#8216;casualty data lake&#8217;.&nbsp;<\/p>\n\n\n\n<p>They will use artificial intelligence to help them extract insights.<\/p>\n\n\n\n<p>He said: &#8220;The reality of the situation is, we&#8217;re trying to aggregate a bunch of industry data so that we could use AI to look at themes.<\/p>\n\n\n\n<p>&#8220;So we can see if there are some themes that the top 25% of an underwriting class has that&#8217;s allowing them to be the top 25% of profit, versus the bottom 25% of profit, right?&#8221;<\/p>\n\n\n\n<p>As the conversation on AI expanded, Geoghegan opined that AI was better at many different tasks compared to humans.<\/p>\n\n\n\n<p>Ronda said anything that that allows for faster access to data, allowing <a href=\"https:\/\/www.advantagego.com\/en-us\/content\/the-underwriting-decision-at-the-right-time-implied-knowledge\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.advantagego.com\/en-us\/content\/the-underwriting-decision-at-the-right-time-implied-knowledge\/\" rel=\"noreferrer noopener\">improved strategic decision making<\/a>, &#8216;is a win&#8217;.\u00a0\u00a0<\/p>\n\n\n\n<p>Overall, he judged AI as a &#8216;friend&#8217;.<\/p>\n\n\n\n<p>He said: &#8220;I think it&#8217;s our friend. I don&#8217;t think it&#8217;s our enemy. I think people are always going to be making strategic decisions.&nbsp;<\/p>\n\n\n\n<p>&#8220;And I&#8217;m a full endorser of using the best available technology to allow people to make strategic decisions with the best available data.&#8221;<\/p>\n\n\n\n<p><strong>Facilities<\/strong><\/p>\n\n\n\n<p>The conversation then moved on to facilities. Geoghegan pointed out that facilities &#8216;lower the cost of capital on the expense&#8217;, allowing for firms to sell more reinsurance.&nbsp;<\/p>\n\n\n\n<p>The host asked: &#8220;We&#8217;re seeing a lot of specialty broker facilities in the London market. But then what about global reinsurance broking facilities?&#8221;<\/p>\n\n\n\n<p>Ronda said he &#8216;could see it happening&#8217;.&nbsp;<\/p>\n\n\n\n<p>However, he batted away the idea of a total dominance of facilities in insurance marketplaces.<\/p>\n\n\n\n<p>He pointed out that insurance firms will want to find value with a client, and they will have ideas that lie outside of facilities.&nbsp;<\/p>\n\n\n\n<p>He summarised: &#8220;If everyone&#8217;s already selling it, and it&#8217;s really easy to generate that capacity, there&#8217;s less value for the client in that facility.<\/p>\n\n\n\n<p>&#8220;Where I think the facility provides a lot of value is if the client really needs a source of capacity, and you&#8217;re having to go to five to 10 people to generate that for them, rather than to just do it on an individual deal transaction.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Howden Re CEO Tim Ronda believes the recipe for success in a competitive reinsurance market starts with having the right talent and keeping them happy. He told Voice of Insurance podcast host Mark Geoghegan: &#8220;We spent a lot of time trying to attract talent around the globe, by region and by product, where we didn&#8217;t [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":10093,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[19,26],"tags":[39,38,14],"line-of-business":[24,20],"class_list":["post-10220","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts","category-latest-insights","tag-reinsurance","tag-technical-vision","tag-underwriting-workbench","line-of-business-cyber","line-of-business-property"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/10220","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/comments?post=10220"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/10220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media\/10093"}],"wp:attachment":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media?parent=10220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/categories?post=10220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/tags?post=10220"},{"taxonomy":"line-of-business","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/line-of-business?post=10220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}