Reinsurance News
facultative reinsurance
Julia Willberg named Global Head of Cedant Fac Underwriting for SCOR P&C
7th January 2025
French reinsurer SCOR has announced the appointment of Julia Willberg as Global Head of Cedant Facultative Underwriting for SCOR P&C and a member of the P&C Management Team. In a recent LinkedIn post, SCOR noted, “Julia brings a wealth of experience from over 25 years in the insurance industry, having led ... Read the full article
Facultative reinsurance increasingly used to manage emerging challenges: WTW
12th December 2024
New research from WTW has revealed a shift away from a transactional view of facultative reinsurance and a move towards using it as a tool to achieve strategic objectives and priorities, fill gaps in treaties and manage risk throughout the cycle. According to a survey conducted by WTW partner Coleman Parkes ... Read the full article
Price Forbes Re appoints Oliver Waterhouse as Head of Property Fac
24th September 2024
Price Forbes Re has announced the appointment of Oliver Waterhouse as Head of Property Facultative (Fac). Waterhouse will be based in the firm’s London office and will report directly to Nikki Melbourne, Head of Facultative at Price Forbes Re. In his new role, he will lead the Property Fac division, a key ... Read the full article
Price Forbes Re adds Fred Few Brown and Gerken to Fac team
17th September 2024
Price Forbes Re, an independent specialist risk strategy and reinsurance broker, is expanding its facultative team across all product lines with the appointments of Fred Few Brown and Jonathan Gerken. In his new role, based in London, Few Brown will be responsible for property fac. He joins Price Forbes Re from ... Read the full article
Shifting property market leads to rise in use of facultative reinsurance, Amwins
24th June 2024
A recent analysis by Amwins has highlighted how the property insurance market is undergoing continuous changes, which is gradually leading to a considerable rise in the use of facultative reinsurance. According to the firm, trends in facultative reinsurance are following those in the excess and surplus (E&S) market, with market softening ... Read the full article
ACORD expands GRLC ePlacing Implementation Guide to include fac reinsurance
5th April 2024
ACORD, the standards-setting body for the global insurance industry, has announced the latest enhancements to its Global Reinsurance & Large Commercial (GRLC) ePlacing Implementation Guide. The newly released GRLC ePlacing Implementation Guide 1.3 now extends the reach of the ePlacing Standard to encompass facultative reinsurance. This means that the standard now ... Read the full article
Facultative reinsurance demand is growing, says Aon
12th July 2023
Demand for facultative reinsurance is growing, however, supply remains static, and market dynamics differ greatly between accounts, lines of business and markets, according to Aon’s mid-year Reinsurance Market Dynamics report. With the resetting of the property catastrophe market at January 1, insurers are turning to facultative reinsurance to build additional catastrophe ... Read the full article
BMS Re strengthens fac reinsurance division with key appointments
5th July 2023
BMS Re, the specialty reinsurance arm of the global broking group BMS, has appointed Steve Housse as the managing director and leader of the facultative practice, and Dan Shea as the senior vice president of property facultative. Housse and Shea will be located in Atlanta, Georgia. Housse brings with him extensive ... Read the full article
Ardonagh Specialty brings fac reinsurance capabilities to Inver Re
13th February 2023
Ardonagh Specialty has announced that it has brought facultative reinsurance capabilities together in Inver Re. The facultative team from Besso Re - which Ardonagh acquired in 2021 through its takeover of BGC’s insurance operations – will be led by Nikki Melbourne in the role of Head of Facultative, Inver Re. Melbourne ... Read the full article
Guy Carpenter to combine UK & Europe fac operations
24th December 2021
Reinsurance broker Guy Carpenter has announced plans to combine its Continental European and UK facultative operations into a single division, which will be led by Nicola Fraccalvieri. Effective 1 January 2022, this consolidated structure will bring together Guy Carpenter's London Europe Property and Casualty business and Continental Europe Facultative teams under ... Read the full article
Tony Matta takes regional President role at Lockton
8th December 2020
Insurance broker Lockton has appointed Tony Matta as President of its Caribbean & Central America Facultative team, which is based in Miami. Matta most recently served as CEO for Facultative business in the Caribbean and Central America at rival broker Willis Towers Watson, also in Miami. Prior to this he held a ... Read the full article
Aon promotes Tassarotti to Deputy CEO, Global Facultative reinsurance
10th February 2020
Luca Tassarotti has been promoted to the role of Deputy CEO, Global Facultative in the broking groups Aon Reinsurance Solutions division. Tassarotti had previous held a European facultative reinsurance focused position as the Deputy CEO of Facultative reinsurance for the Europe, Middle East and Africa (EMEA) region at Aon. The company confirmed ... Read the full article
ConsiliumRe to strengthen LatAm ties with Miami expansion
17th January 2019
ConsiliumRe, the international facultative division of Direct Insurance Group, has announced that it plans to expand its operations into Miami in order to better service the Latin American market. The London-based broker explained that the expansion would build on the significant traction that it has gained in the LatAm region since ... Read the full article
R&Q issues facultative reinsurance certificate to a large U.S. carrier
30th October 2018
Randall & Quilter Investment Holdings Ltd. (R&Q), a Bermuda-based specialist non-life insurance and reinsurance investor, has announced the issuance of a facultative reinsurance certificate to a large U.S. property and casualty (P&C) carrier. According to an announcement, the collateralised reinsurance policy was written from a cell within R&Q Quest Insurance Limited, ... Read the full article
JLT FAC names Joe Ameruoso as Head of North America Construction Casualty
15th October 2018
JLT FAC, the facultative reinsurance division of broker JLT Re (North America) Inc., has announced the appointment of Joe Ameruoso as Head of North America Construction Casualty, Facultative. Ameruoso will be based in JLT FAC’s New York Office, and joins the company from Starr Indemnity & Liability Co in Primary Construction, ... Read the full article
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