Howden Ventures

We invest in startups with fresh ideas and innovative technologies that serve the insurance industry.

Howden Ventures launched in October 2023 to create an investment and risk incubator that will fast-track insurance product development. 

We draw expertise and resources from specialist innovation teams across the global insurance market – and we've got a world-first delegated underwriting authority, backed by leading Lloyd’s underwriters, that provides £500m of syndicated underwriting capacity to support the development of new insurance solutions. 

We want to bring solutions to new emerging risks in a fast-paced, interconnected world – driven by a changing climate, disruptive technology, macro-economic uncertainty, shifting demographics and geopolitical pressures.

Read more about our launch.

Innovation is all about working together and, for the first time, Howden Ventures will assemble the most innovative thinkers in the insurance ecosystem to help solve some of the world’s most critical risks.
Tom Hoad, Head of Howden Ventures

What we look for

We're seeking startups that meet our investment criteria:

  • Stage of funding: pre-seed or seed stage

  • Class of business: specialty, excluding cyber, credit and long-tail liability

  • Target market: mid- to large-sized clients focused on B2B

  • Geographical focus: entities based in the UK and USA

  • Proposition: climate- and/or tech-related businesses

What we offer

We empower the best entrepreneurs with:

  • Investment

  • Underwriting capacity

  • Distribution

  • Technological advisory

  • Product design

  • Operations and governance

Get in touch

We believe in great ideas that can help solve some of the world’s most critical risks.

So if you think you have a great idea, please fill out the short form at the link below – we want to hear from you.

Our portfolio

CetoAI logo

CetoAI

In October 2023 we announced the first recipient of our first investment: CetoAI, which provides predictive analytics to the maritime industry.

Rosetta Risk Management logo

Rosetta Risk Management

Our second investment is with Rosetta Risk Management (RRM), which aggregates construction risk performance data for insurers, brokers, contractors, developers and lenders.

We support new businesses, product development and insurance innovation.

Howden Ventures is a sponsor of Startup Sherpas

Startup Sherpas is a social enterprise that provides paid work experience to young people aged 13 to 19, taking them through the full design process including idea generation, customer persona development, first-person research and prototyping. Participants are paid for their work while fostering the development of essential skills centred around the four Cs – communication, collaboration, creativity and critical thinking – outside the classroom. 

Startup Sherpas logo

Meet the team

Photo of Tom Hoad

Tom Hoad

Managing Partner
Photo of Tom Hoad

Tom Hoad

Managing Partner

Tom has nearly 20 years’ experience in insurance. He started his career advising multinational banks and infrastructure funds on the insurance and risk management aspects of Project Finance and M&A, all while completing his Master's in Insurance and Risk Management at Bayes Business School, which he achieved with Distinction.

Since 2011 Tom has designed and launched dozens of new insurance products to market that span technology, climate, intangibles and parametric solutions, in addition to playing a key role in various start-up investments. Tom also formed and initially chaired the Lloyd’s Product Innovation Facility, now the Lloyd’s Launchpad, and is committed to the development of innovation at Lloyd’s.

Photo of Luke Hakes

Luke Hakes

Managing Partner
Photo of Luke Hakes

Luke Hakes

Managing Partner

Luke holds a BSc, MSc, and PhD, and has extensive experience in management and technology consulting for insurers and investment banks. Joining Octopus Capital in 2008, he has grown the Ventures team from four people managing £15m in Asset Under Management to over 100 people overseeing £1.5bn AUM. In over 15 years, Luke has managed eight VC funds, developed investment strategies, and delivered exceptional portfolio performance.

He has served as a board representative for over 25 companies and is currently a chair of the University of Manchester Innovation Factory. Also a mentor, judge, and speaker, Luke is passionate about sharing his venture capital expertise with students at London Business School and Hult Business School.

Photo of Ed Kneale

Ed Kneale

Senior Associate
Photo of Ed Kneale

Ed Kneale

Senior Associate

Ed is a Senior Associate at Howden Ventures, with over 10 years of experience in underwriting and product development at AIG, followed by commercial roles at a Series A startup. As our go-to problem solver, he works across both our investment and insurance functions, from shaping origination strategies to helping our investments navigate their path to market.

Photo of Acacia Taylor

Acacia Taylor

Senior Associate
Photo of Acacia Taylor

Acacia Taylor

Senior Associate

Acacia is an Investment Associate at Howden Ventures with nearly 8 years of insurance experience. She has held various roles within the industry ranging from actuarial and strategic advisory to investment banking. She has an MSc in Finance from London Business School and a BSc in Actuarial Mathematics and Statistics from Kingston University.

Photo of Ben Murphy

Ben Murphy

Associate
Photo of Ben Murphy

Ben Murphy

Associate

After developing broad insurance expertise through a rotational insurance graduate scheme, Ben gained extensive experience as a Property Class Underwriter at a leading Lloyd’s of London Syndicate. Now, as an Associate at Howden Ventures, he serves as the primary point of contact for the Howden Ventures Broking Committee and oversees all matters related to the Incubation Binder. Ben holds an MSc in Psychology of Economic Life from the London School of Economics (LSE), where he graduated as valedictorian.

Photo of Charlie Coker

Charlie Coker

Analyst
Photo of Charlie Coker

Charlie Coker

Analyst

Charlie has experience as a Junior Credit and Political Risk Underwriter at a Lloyds of London Syndicate, and at a VC fund. He has an MSc in Economics and Policy of Energy and the Environment from University College London and a BSc in Biochemistry from Cardiff University. As Howden Ventures' Venture Scout he is responsible for researching emerging trends in the insurance and VC sectors, as well as securing deal flow. 

Photo of Georgianna Lucy

Georgianna Lucy

Analyst
Photo of Georgianna Lucy

Georgianna Lucy

Analyst

Georgianna is a skilled PA with 8 years of experience in the role. Her background includes working in a law firm before transitioning to the insurance industry in 2022. In her current role, she manages schedules and oversees various tasks, making her essential to the success of Howden Ventures.

Photo of Tanya Pellegrini

Tanya Pellegrini

Analyst
Photo of Tanya Pellegrini

Tanya Pellegrini

Analyst

Tanya is the Partnership Assistant at Howden Ventures. As a qualified journalist with a degree in Media and Communication from the University of Leicester, she previously worked as a reporter for a local news channel in Italy and has experience in PR and brand marketing. She joined Howden through the Pioneers programme and is looking to bring an external perspective to support the growth of the group.