Acrisure Re, the re/insurance division of fintech company Acrisure, has announced that its facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers (Specialty Re), for facultative Stock Throughput and Property business, effective immediately.
Headquartered in Panama City and led by Luis Medina, Specialty Re boasts more than 11 years of expertise in delivering solutions for a variety of risks across property, engineering and energy, marine, and financial lines business.
It’s important to note that this partnership highlights further ambitions of Acrisure Re’s global facultative offering led by Ghassan Mansour.
At the same time, the partnership will also provide Specialty Re with access to the global reinsurance markets, robust broking capabilities spanning marine and non-marine lines, as well as access to the full suite of Acrisure Re’s analytical tools and solutions.
Ghassan Mansour, head of Facultative Reinsurance at Acrisure Re, commented: “Latin America remains an attractive and ever-expanding marketplace with a substantial demand for facultative solutions. This partnership with Specialty Re, led by my colleague Jen D’Arcy (EVP Marine Fac), underscores our dedication to broadening our presence and competencies by teaming up with a highly reputable and prominent broker. We are delighted to be working with Luis and his team and am excited to see our partnership grow.”
Luis Medina, CEO of Specialty Re, said: “We greatly appreciate the talent pool and expertise of Acrisure Re’s facultative team, their capabilities for handling complex structured facultative placements, and their access to global markets, all of which will undoubtedly benefit us. It’s a source of great excitement to collaborate with the reinsurance division of the world’s fastest-growing independent broker. We’re delighted to formalize our fruitful working relationship.”
Earlier this year, Acrisure Re hired industry veteran Joel Hodges as Executive Vice President.
