Global insurance intermediary group Howden has strategically partnered with Ultimate Risk Solutions (URS) to utilise their advanced risk-management suite, encompassing economic and regulatory capital management, asset modelling, enterprise risk management (ERM), reserving, and price optimisation.
Alex Bushel, Founder and Chief Executive Officer, URS, commented: “Our partnership with Howden is further evidence of our ongoing commitment to delivering the most advanced and easy-to-use risk modelling platforms that meet the rapidly evolving needs of our corporate decision-makers.”
Bushel further added: “This is particularly crucial in an increasingly challenging risk landscape further escalated by a polycrisis of unprecedented scope.”
Man Cheung, Managing Director of Howden Re, stated: “The decision to partner with URS stems from our dedication to working with leading firms that excel in their domains.”
“This collaboration allows us to offer enhanced solutions to our clients while maintaining flexibility in tool usage, ensuring we continue to provide top-tier services.”
Through this partnership, Howden aims to add value to its existing resources, products, and services by leveraging URS’s core competencies.
Nathan Schwartz, Global Head of Analytics Howden Re, said: “Howden has a long history of utilising URS technologies across various teams on a global scale. After thorough review, we chose to strategically partner with URS, recognising their robust and independent capital tools, which align with our commitment to excellence.”
Werner Bugl, Member of the URS Executive Committee, commented: “We are thrilled to collaborate with the Howden team. The offerings create a distinctive platform to extend existing solutions we offer through simulations and risk modelling for customers’ new and existing business.”
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