Howden Re and Rivonia Road Capital partner with commission financing solutions

By David Bull

June 3 - (The Insurer) - Howden Re and U.S.-based credit investment manager Rivonia Road Capital have entered a strategic cooperation agreement for a partnership focusing on providing financing to insurance agents, brokers and other industry participants aimed at the health benefits segment.

In a statement, the two parties said that the emphasis would be on providing bespoke asset-based financing solutions particularly in the dental, Medicare advantage and supplemental health benefits space.

Reinsurance broker, capital markets and strategic advisory firm Howden Re will offer the solutions that are structured and managed by Rivonia Road Capital to its global client base, “leveraging its expertise at the intersection of insurance and asset-based lending,” said the statement.

The programs will be designed to help insurance intermediaries better manage cash flow, expand their businesses and serve clients, it added.

Tae Kim, managing director for A&H at Howden Re said: “Rivonia’s partnership will allow us to streamline how insurance agencies, brokerages, and other participants access capital.”

Rivonia Road Capital co-founder and managing partner Brad Smiedt said: “Howden Re brings best-in-class industry knowledge and access to a broad network of clients.

“Together, we will deliver strategic financing solutions that not only bolster commission revenues but also unlock growth opportunities for players across the insurance ecosystem.”