Howden RE hires Carsten Thienel to establish reinsurance operations in Germany

Howden RE Germany adds Treaty, Retro and Specialty Reinsurance capabilities to existing Facultative offer by investing in local expertise for clients in the DACH region

London, 26th July 2022 – Howden RE, part of international (re)insurance intermediary Howden Broking, has today announced the appointment of Carsten Thienel as Head of Treaty Reinsurance, Germany. Thienel, whose appointment is effective from 1st August, will establish Howden RE’s operations in the country, via a new office in Hamburg, enabling it to better service German and international reinsurance buyers.

With over 30 years of experience in international reinsurance, Thienel has held senior roles at Guy Carpenter, where he was Managing Director, Treaty, Asia, and a Partner in the UK and Europe, where he was responsible for key client relationships. In addition, he has held the role of CEO of Reinsurance, Asia Pacific at Ed Broking, and various senior positions in Europe at Hannover Re.

Reporting to Marenco Scholz, Managing Director and Head of Howden RE Europe, Thienel will be responsible for building on Howden RE’s strong Facultative and Captive reinsurance business by establishing a presence on the ground in Germany, with a particular focus on developing Treaty, Retro and Specialty Reinsurance solutions capabilities.

Bradley Maltese, CEO, Howden RE, commented: “The hiring of Carsten is yet another example of us attracting the best talent and continuing to invest in reinsurance, where clients need real reinsurance broker choice.  Following our agreement to acquire TigerRisk Partners, we will become the global leader in Facultative, Capital Markets, MGA, Analytics and Specialty Treaty and the pre-eminent reinsurance and capital markets provider for reinsurance buyers. We are now eager to grow our presence in the DACH region, and Carsten is a natural fit due to his extensive experience in both the German and wider international markets.”

Marenco Scholz, Managing Director and Head of Howden RE Europe, said: “The appointment of a proven leader such as Carsten to establish and build our German business cements Howden RE’s commitment to the DACH region and reflects our strong ambitions for the German market. Carsten is a highly regarded figure in the international reinsurance industry, and I am excited to see where he takes Howden RE’s German business as we become a powerhouse in international reinsurance broking.”