What's Happening?
Howden US has appointed Ron Borys as the head of its financial lines group in the United States. Based in New York, Borys will be responsible for expanding the practice and developing customized solutions
for clients in areas such as financial institutions, executive liability, and cyber insurance. Borys joins Howden from Alliant, where he led the financial institutions industry practice. His previous experience includes roles at Marsh and Aon. His appointment is subject to the fulfillment of relevant contractual obligations.
Why It's Important?
The appointment of Ron Borys is significant for Howden US as it aims to strengthen its position in the financial lines sector. Borys's extensive experience in leading financial institutions practices at major brokerages like Alliant, Marsh, and Aon will be crucial in driving growth and innovation in Howden's offerings. This move could enhance Howden's competitive edge in the U.S. insurance market, particularly in the areas of executive liability and cyber insurance, which are increasingly important due to rising cyber threats and regulatory complexities.
What's Next?
Ron Borys's leadership is expected to bring strategic growth to Howden US's financial lines practice. As he assumes his role, the focus will likely be on expanding client relationships and developing new insurance solutions tailored to the evolving needs of financial institutions. Stakeholders in the insurance industry will be watching closely to see how Borys's strategies impact Howden's market share and influence in the U.S. financial lines sector.
