Acrisure Re, the reinsurance arm of the brokerage and fintech platform, has hired Duncan Ainsby from WTW to lead its new Asia facultative operation based out of the firm’s new Hong Kong office.
Ainsby takes on the role of Senior Vice President (SVP) of Facultative Reinsurance and Head of Asia. Based in the reinsurance broker’s new offices in Hong Kong, he will report to Ghassan Mansour, Managing Director and Head of Facultative in London.
In his new role, Ainsby assumes responsibility for leading and growing the company’s Hong Kong operation as well as building strategic partnerships within the fac reinsurance sector across the Asia region.
He brings more than 35 years of experience in complex risk and multi-line insurance, facultative and treaty reinsurance to the role. Most recently, he served as Strategic Account Director, Client Management, at WTW Australia.
Ainsby’s career started as a reinsurance broker at Lloyd’s, and he later became a Director and Senior Broker at Gallagher Re, and has also previously held director and regional roles at both WTW and Aon.
Commenting on the launch in Hong Kong and the new appointment, Mansour said: “From a facultative perspective, the Asian market is incredibly important and our decision to expand into this market was a natural next step for Acrisure Re. Duncan’s broad reinsurance expertise and extensive network will be vital as we look to capitalise on the various treaty and facultative opportunities in this region and I am excited to welcome him to the team.”
Ainsby added: “I am delighted to have the opportunity to establish and grow Acrisure Re’s first office footprint outside of North America and Europe. The company’s experience and global network across all disciplines will allow us to provide innovative solutions to our client base. I look forward to working with Ghassan and the rest of the international facultative team.”