Acrisure Re, the reinsurance division of global insurance broker and fintech platform Acrisure, has announced that its facultative team is set to expand into the Polish market via a preferred partnership broker agreement with Smartt Re.
Headquartered in Warsaw, Poland, Smartt Re is the leading reinsurance broker in Poland and has a significant role in the wider region.
The company is part of MJM Holdings brokerage group specializing in reinsurance programmes in key sectors of the economies across the CEE facultative and obligatory reinsurance market.
The preferred partnership agreement with Smartt Re will provide Acrisure Re access to the local market, which is one of the largest for facultative reinsurance in Central Eastern Europe.
In addition, Acrisure Re will benefit from Smartt Re’s domestic knowledge and market relationships.
In return, Smartt Re will gain access to Acrisure Re’s global distribution network, broking expertise across the global re/insurance market, and the full suite of Acrisure Re’s analytical tools and solutions.
“We are delighted to be partnering with Smartt Re in Poland following our recent success together across the heavy industry sector,” said Ghassan Mansour, Head of Facultative Reinsurance at Acrisure Re.
“Their outstanding reputation as Facultative specialists in the large or complex segment is a win-win for both businesses, and I am delighted to be working with our friends at Smartt Re to deliver for our mutual clients.”
Michal Chmielewski, Vice President for International Expansion of MJM Holdings and Smartt Re Founder, also commented: “I’m extremely proud to be partnering with Acrisure Re. We see a huge opportunity to grow in the Facultative space across the CEE region and our clients stand to benefit from our combined value underpinned by technology know-how.”
“We share the same entrepreneurial spirit and unstoppable drive to finding reinsurance solutions even when they seem unreachable,” Chmielewski added.
The announcement follows a number of facultative strategic partnership announcements designed to expand Acrisure Re’s footprint and focus within key territories including Leue & Nill in Germany and Mahindra Insurance Brokers in India.