Howden, the London-based insurance group, has launched Howden Ventures, subject to Lloyd’s approval, with £500 million ($607.1 million) of delegated underwriting capacity, to create an investment and risk incubator that will fast-track insurance product development.

Howden Ventures will draw expertise and resources from specialist innovation teams across the global insurance market. The platform includes delegated underwriting authority, backed by leading Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets, which provides £500 million of syndicated un

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