Reinsurance News
facultative reinsurance
Sompo International forms new Casualty Facultative Reinsurance team
10th October 2018
Bermudian property and casualty re/insurer Sompo International has announced the launch of a new Casualty Facultative Reinsurance operation, to be led by Dave Adams, who has been appointed as Executive Vice President, Specialty/Facultative Reinsurance Team Leader. Adams will join Sompo International Reinsurance this week alongside an underwriting team of seven specialists ... Read the full article
Ed appoints head of Treaty & Facultative team for Singapore
2nd October 2018
Ed, the global reinsurance, wholesale and specialty broker, has strengthened its Treaty and Facultative team in Singapore with the appointment of Tommy L. Co as Executive Director, effective immediately. Co has 35 years of re/insurance industry experience and joins Ed from ERGO Insurance Singapore, where he most recently served as Chief ... Read the full article
Willis Towers Watson strengthens Facultative team in France
23rd July 2018
Willis Towers Watson (WTW) has announced that it has reinforced its existing Facultative (Fac) Reinsurance business in France by establishing an independent and dedicated team of three specialists based in Paris. The new Fac team will operate under the Gras Savoye Facultative brand as part of WTW's Global Fac business, and ... Read the full article
JLT FAC bolsters global team with two new Senior Executives
26th June 2018
JLT FAC, JLT Re’s facultative reinsurance arm, has announced the appointment of Nikki Melbourne and Joe Vitale as Senior Executives to its London and U.S. teams respectively. Melbourne joins the firm as Partner. She most recently served as Senior Underwriter at RSA and had previously worked as an underwriter at Allianz ... Read the full article
Qatar Re suspends facultative underwriting at Dubai practice
11th June 2018
Qatar Re, the Bermuda-based reinsurer and subsidiary of Qatar Insurance Company (QIC) Group, has suspended the writing of all new and renewing facultative business from its branch office in the Dubai International Financial Centre. Facultative reinsurance will continue to be distributed throughout the Middle East & North Africa (MENA) region by ... Read the full article
Castel adds global property facultative reinsurance offering
3rd April 2018
Castel Specialty, a unit of the MGA platform Castel Underwriting Agencies Limited, that supports individual underwriters and their books of niche business, has added a global property facultative reinsurance offering. Paul Witzenfeld, previously head of North American property at Pen Underwriting, has joined Castel Specialty and brought with him an underwriting ... Read the full article
Willis Towers Watson launches facultative reinsurance push in Europe
4th October 2017
Insurance and reinsurance broker and advisory Willis Towers Watson is launching a new push into the German-speaking DACH region of Europe, with the establishment of a facultative reinsurance hub. The company said that it is targeting facultative reinsurance business across Germany, Austria, and Switzerland with the new hub, and has appointed ... Read the full article
Everest Re hires Kelly from Hiscox to lead international casualty facultative reinsurance
23rd June 2017
Everest Re Group, Ltd. has hired Matt Kelly to lead its international casualty facultative reinsurance unit, a role that will see him responsible for worldwide Casualty facultative underwriting, outside of the U.S. and Canada. Kelly will be based in Miami in his new role as Vice President and Head of the ... Read the full article
Arch reveals $38m Q2 property facultative reinsurance loss
7th June 2017
Bermudian insurance and reinsurance group Arch Capital Group Ltd. has revealed what it terms as "unusually high" levels of losses in its property facultative reinsurance book during the second-quarter of 2017. The company says that it expects that second quarter 2017 pre-tax underwriting income will experience around a $38 million hit ... Read the full article
JLT Re adds new partners to facultative arm
30th March 2017
Reinsurance brokerage JLT Re has added two new appointments of partners within its JLT Fac unit that focuses on property, construction and casualty facultative reinsurance. Mark Leonard has joined JLT Fac from Guy Carpenter and takes on a role as a Partner and a senior Construction producer within the division. Leonard has ... Read the full article
Miller hires senior facultative broker from Guy Carpenter
10th February 2017
Insurance and reinsurance broker Miller Insurance Services LLP has hired a new senior broker and producer in an expansion of its facultative property capabilities. Damian Richards joins Miller from Guy Carpenter, where he acted as Senior Vice President, with a focus on managing production and placement of facultative reinsurance for UK ... Read the full article
AXIS opens Miami office for LatAm & Caribbean reinsurance push
26th January 2017
Insurer and reinsurer AXIS Capital Holdings Limited has announced the formation of AXIS Specialty Underwriters Inc. in Miami (AXIS Miami), which will operate within the firm's international insurance division and provide the Latin America and Caribbean (LAC) markets with direct and facultative reinsurance cover. AXIS Miami will operate as the re/insurer's ... Read the full article
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