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Howden Specialty names new divisional director for sustainable energy practice

Howden Specialty names new divisional director for sustainable energy practice | Insurance Business

Howden Specialty names new divisional director for sustainable energy practice

Howden Specialty, a subsidiary of Howden Broking, has appointed Severin Hegelbach to the newly created role of divisional director, joining the company’s sustainable energy practice.

Hegelbach will lead a renewable energy advisory service – which is focused on providing in-depth risk advice for clients, sponsors, lenders, investors, retail and other partners – in his new role. Howden Specialty explained that the aim of the new service is to offer an early “de-risking” approach, which should provide clients long-term cost efficiencies.

As divisional director, Hegebach will be based in São Paulo, Brazil and will report to Howden Specialty head of sustainable energy Deborah Duss. He will work closely with the sustainable energy team across the company’s hubs in London, Miami, Singapore, Dubai, Bermuda and Luxembourg.

Most recently, Hegelbach served as divisional director of Willis’s financial solutions team. Prior to that, he worked as an energy underwriter for Swiss Re with a focus on power and utilities, oil and gas, and mining risks. Hegelbach has also held positions at Credit Suisse, Siemens, and the Advisory House.

“Being able to offer our sustainable energy clients a dedicated advisory service alongside our specialist broking expertise will ensure they benefit from the best possible results in the long-term, and will further expand our growing portfolio of renewables clients,” said Howden Specialty head of sustainable energy Deborah Duss. “Severin’s energy underwriting background, financial advisory experience, deep technical knowledge and passion for renewable energy makes him uniquely qualified to lead this new service.”

“I’m excited to be joining Howden’s sustainable energy initiative at such a pivotal moment for the company and the sector, as the team continues to expand, and clients place an increasing emphasis on sustainability risks. Howden continues to prove itself to be an innovator in the field of sustainability, demonstrating an agility to respond both to client needs and emerging risks,” commented Hegelbach on his appointment.

Hegelbach added that “no renewable project is the same,” and that he looks forward to working with the company’s clients to manage their risks in a proactive way.