Howden Re, the reinsurance, capital markets and strategic advisory arm of Howden, appointed Jay Sogliuzzo as Managing Director and Head of North America Marine, Energy & Terror Specialty Treaty, according to Beinsure.
The appointment adds senior underwriting expertise to Howden Re’s Marine, Energy & Terror platform and gives the business a dedicated treaty lead for North America.
Demand for this type of advice has grown as geopolitical risk, energy security and supply chain disruption move closer to daily underwriting decisions.
Clients now need joined-up support across marine, energy and political violence exposures. Local market knowledge matters, but so does access to wider reinsurance capacity and a clear reading of accumulation risk across connected portfolios.
Recent disruption around major trade routes has changed how carriers and reinsurers assess marine, energy and specialty exposures.
Howden Re’s own market analysis pointed to the Strait of Hormuz as one pressure point, with underwriters paying closer attention to risk appetite, aggregation and the way geopolitical events travel across marine, energy and political violence books.
The reinsurance market has remained stable, but clients face a more complex risk picture. That has increased the value of specialist treaty advice, especially in markets with large offshore energy, cargo and marine infrastructure exposures.
North America gives Howden Re a clear growth opportunity in Marine, Energy & Terror. The Gulf Coast carries large concentrations of offshore energy assets, ports, cargo flows and inland marine exposures.
As trade, energy and logistics networks face more geopolitical volatility, buyers need risk transfer structures built around local exposure data and global market appetite.
- Sogliuzzo joins Howden Re after 14 years in underwriting. He most recently worked at Gen Re, where he focused on facultative and treaty reinsurance across the marine and energy market. His experience covers upstream energy, ocean marine and inland marine, along with established relationships with clients and underwriters across North America.
- Bradley Maltese, CEO, UK & Global Specialties at Howden Re, said the global specialty practice continues to expand, with the Marine, Energy & Terror division seeing stronger client demand. He described Sogliuzzo’s appointment as the first hire of this type for Howden Re and said his experience across marine, energy and specialty risks will add value to clients and markets.
- Andrew Foot, Managing Director, Global Specialty Treaty at Howden Re, said the Marine, Energy & Terror division recorded 185% year-on-year revenue growth, with North America now contributing more visibly. He said the firm needed the right senior hire to support its next stage of regional expansion, given the new business pipeline already under review.
Foot said Sogliuzzo’s underwriting background, market relationships and product knowledge made him the right person to lead the North America MET division. Howden Re also plans further growth in the region, according to Beinsure.
Sogliuzzo said he joined Howden Re at an important point for the Marine, Energy & Terror business in North America. He said his work across facultative and treaty placements had shown the value of a dedicated local presence, and he plans to build on existing client relationships as Howden Re expands the team and regional platform.
