Howden Re appoints Sogliuzzo to lead North America MET treaty

Reinsurance broker Howden Re has appointed Jay Sogliuzzo as managing director and head of North America marine, energy and terror (MET) specialty treaty.

The appointment forms part of Howden Re’s continued investment in its global marine, energy and terror platform.

The reinsurance intermediary said clients are increasingly looking for integrated advice across marine, energy and political violence exposures, supported by local expertise and global market insight.

Howden Re said recent events have shown how quickly disruption to strategically important trade routes can affect marine, energy and specialty markets.

The broker has previously highlighted how disruption around the Strait of Hormuz has intensified underwriting scrutiny, reshaped risk appetite and reinforced the importance of understanding geopolitical accumulation risk across interconnected marine, energy and political violence portfolios.

Howden Re said North America represents a significant opportunity for the marine, energy and terror market, driven by concentrations of offshore energy, marine infrastructure and cargo exposures, particularly along the Gulf Coast.

Sogliuzzo (pictured) joins Howden Re with 14 years of underwriting experience.

He was most recently at reinsurer Gen Re, where he worked across facultative and treaty reinsurance within the marine and energy market.

His experience spans upstream energy, ocean marine and inland marine, alongside relationships with clients and underwriters across North America.

Bradley Maltese, CEO, UK and global specialties, Howden Re, said: “Our global specialty practice continues to go from strength to strength, with the Marine, Energy & Terror division in particular demonstrating increased client demand.

“Jay’s hire, the first of its kind for Howden Re, is another big step on our journey, demonstrating the success of our commitment to excellent client and market service. We welcome Jay, whose deep knowledge and expertise in the Marine, Energy and Specialty areas will be a great asset to us all.”

Andrew Foot, managing director, global specialty treaty, Howden Re, said: “Our Marine, Energy and Terror division has achieved 185% revenue growth year on year, with a growing contribution from the North American market now being evident.

“With a tangible pipeline of new opportunities also being pursued in the region, it was critical that we found the right person to lead us into the next phase of our build-out. Jay’s experience, contacts and deep product expertise made him the perfect candidate to lead our North American MET division and will be an invaluable asset to our team and our growing client base in the years to come. With further growth also being planned, we are looking to the future with a great deal of optimism.”

Sogliuzzo added: “I’m delighted to be joining Howden Re at such an important time for the growth of our Marine, Energy & Terror business in North America.

“Having spent my career working closely with clients across facultative and treaty placements, I understand the value of having a dedicated presence on the ground here, and I’m looking forward to building on those relationships as we grow the team and the business across the region.”