Howden, a prominent global insurance and reinsurance broking group, has recently expanded its footprint in the Latin American market by acquiring Innova Re, a leading independent reinsurance broker based in Lima, Peru. This strategic move is part of Howden’s broader vision for international growth and will significantly enhance its reinsurance capabilities in the region.
Innova Re, founded in 2017 and spearheaded by Juan Diego Cadarso, has quickly established itself as a key player in the Peruvian reinsurance market. By joining forces with Howden, the company aims to leverage its expertise and market knowledge to further strengthen Howden Re, the group’s reinsurance arm. This acquisition not only provides Howden Re with a new presence in Peru but also underscores its commitment to delivering innovative reinsurance solutions to clients worldwide.
While the financial details of the deal have not been disclosed, industry experts believe that this acquisition will bolster Howden’s position as a leading player in the global reinsurance market. With a strong focus on client-centric services and a track record of success, Howden is well-positioned to capitalize on the growing demand for reinsurance solutions in Latin America and beyond.
Overall, the acquisition of Innova Re marks a significant milestone for Howden as it continues to expand its global reach and enhance its reinsurance capabilities. By tapping into the expertise of the Peruvian market, Howden is poised to deliver even greater value to its clients and solidify its position as a key player in the reinsurance industry.
References:
1. Howden expands reinsurance footprint with acquisition of Peruvian broker Innova Re – ReinsuranceNe.ws
Link: https://www.reinsurancene.ws/howden-expands-reinsurance-footprint-with-acquisition-of-peruvian-broker-innova-re/
2. Howden Acquires Peruvian Reinsurance Broker Innova Re – Insurance Journal
Link: https://www.insurancejournal.com/news/international/2025/06/09/826760.htm
