Howden, a leading global insurance group, today publicised the appointment of Rowan Douglas as the CEO of its Climate Risk and Resilience division.
Howden’s strategy in launching this division highlights the insurance industry’s recognition of the increasing demand for climate risk management solutions.
The Climate Risk and Resilience division of Howden, initiated in 2021, aims to facilitate its clients’ transition to a low carbon economy, and aid in mitigating the impacts of climate change. The division offers an array of services, such as credit insurance for financing renewable energy projects, parametric insurance solutions for humanitarian organisations involved in disaster relief, and insurance protection for purchasers of carbon credits.
Stepping into his role as CEO, Rowan Douglas brings with him an extensive background in climate and resilience. Prior to joining Howden, he spearheaded the Climate and Resilience Hub (CRH) at Willis Towers Watson (WTW), while also occupying the board of Willis Re as CEO Analytics. Additionally, Douglas has been a member of the UK Prime Minister’s Council for Science & Technology. Douglas’s role at Howden will involve the continual development of an expert, full spectrum function to support Howden, and to infuse climate and resilience considerations into its specialties and regions.
The announcement underlines Howden’s commitment to the significant reallocation of capital towards the mitigation, adaptation, and resilience agenda in response to climate change. The move signals the firm’s anticipation of market demand and is the precursor to further substantial investment in creating a platform for future resilience and climate capabilities.
David Howden, chief executive officer, Howden, proclaimed: “Tackling climate change requires the most substantial reallocation of capital in history, and insurance has a huge role to play across the mitigation, adaptation and resilience agenda. Meeting the challenge will take a global effort and radical collaboration across all industries, and between both the private and public sectors.”
Rowan Douglas shared his enthusiasm about the new appointment, stating: “I am thrilled to be joining Howden at this remarkable time in its growth and with climate central to its future development. My decision was driven by the company’s recognition, from the very top, that insurance capabilities are essential to de-risk the climate transition and protect lives, assets and livelihoods.”
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