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Howden launches Parhelion with plans to raise $500 million

International insurance broker Howden Group Holdings <i class="fa fa-info-circle company-popover" data-content="

Howden Group Holdings

Founded: 1994
Headquarters: London, UK
Total Funding: $1.9B
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“> announced the launch of Parhelion Underwriting <i class="fa fa-info-circle company-popover" data-content="

Parhelion Underwriting

Founded:
Headquarters:
See full company profile

“> , a “fully sustainable insurer” with plans to raise $500 million after being seeded by Howden.

Parhelion will provide both traditional risk coverage and create new ESG-specific products with plans to begin underwriting in January 2022.

The company further states it will look at risk through a new lens, to support a unique underwriting approach based on data, technology and proprietary ESG criteria.

Co-CEOs, (re)insurance and climate risk finance experts, Julian Richardson and David V. Cabral will lead Parhelion, and will be joined by reinsurance executive Chris Sharp as Chief Underwriting Officer in September 2021.

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