Howden Re, a division of the global insurance intermediary group Howden, has entered into a strategic cooperation agreement with Rivonia Road Capital. This partnership aims to provide financing solutions to insurance agents, brokers, and other industry participants, particularly in the dental, Medicare Advantage, and supplemental health benefits sectors.
The collaboration will leverage Howden Re's industry relationships alongside Rivonia Road Capital's asset-based financing expertise. Under this agreement, Howden Re will offer innovative financing options to its clients worldwide. Meanwhile, Rivonia Road Capital will structure and manage these financings.
Tae Kim, Managing Director at Howden Re, expressed enthusiasm about the partnership: “We are delighted to formalize this partnership with Rivonia Road Capital.” He highlighted that this initiative is part of Howden Re’s strategy to help clients remain competitive in a changing market.
Brad Smiedt from Rivonia Road Capital also commented on the collaboration: “Howden Re brings best-in-class industry knowledge and access to a broad network of clients.” He emphasized that their joint efforts would deliver strategic financing solutions that enhance commission revenues and open growth opportunities within the insurance sector.