Howden names head of energy transition

Move to accelerate insurance industry's role in global energy transition

Howden names head of energy transition

Insurance News

By Roxanne Libatique

International insurance broker Howden has appointed Andy Cox as its new head of energy transition, effective immediately.

Based in London, Cox (pictured) has over 30 years of experience in the energy sector. Before joining Howden, he was the UK chair of energy & natural resources at KPMG, responsible for the company’s advisory and consulting services across various oil and gas and power and utilities clients. He also oversaw the company’s key relationships in the sector and played a key role in addressing the energy transition for some of its prominent clients.

Cox also established KPMG’s Global Energy Deal Advisory team to support blue-chip clients with strategy, origination, valuation, due diligence, and execution through integration or separation.

Howden head of energy transition – responsibilities

As the new head of energy transition at Howden, Cox will support practitioners across the company as they advise clients and investors on de-risking financing into energy transition projects. He will also guide the development of new products.

Howden CEO David Howden said the latest senior appointment is a significant step towards supporting clients to build a sustainable, equitable future.

“We are committed to the role insurance has to play not only in the here and now of climate change, in areas such as disaster relief and loss and damage, but also in helping to build a sustainable, equitable future by working collaboratively with clients and insurers to address the risks of

tomorrow. To do this, we must attract diverse talent into our group and the wider industry as we work to accelerate the insurance market’s role in the global energy transition,” he said.

Charlie Langdale, head of climate risk and resilience at Howden, said Cox will be essential in growing and expanding Howden’s offering.

“Not only will he support product innovation, but he will [also] ensure that the insurance market plays a part in the largest ever reallocation of capital in human history. Andy’s unique expertise and perspective will be key to helping our clients realise their growth opportunities that would otherwise be unavailable,” he said. “Our clients are increasing their investments into the energy transition by the billions, and it is crucial that we have the expert talent to identify how to mitigate and manage the risk.”

Aside from being the head of energy transition at Howden, Cox holds various positions, including chief impact officer for Forward Institute and non-executive director to the energy & infrastructure team at Browne Jacobson.

Cox’s arrival at Howden follows the recent appointment of an executive director of Howden CAP, Howden’s new capital, advisory, and placement business.

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