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 will be led by Amélie des Monstiers.
WTW said that the reinforced division will help spearhead the company’s facultative strategy across France, while des Monstiers’s established market relationships will help engagement with insurance carriers on all business emanating out of Gras Savoye Willis Towers Watson France.
The enhanced hub in France forms part of WTW’s overall strategy for its Global Fac business, headed by Toby Wemyss, and it complements the company’s other European Fac operations in Madrid, Stockholm, and the team recently established in Munich.
As with these other European operations, the new team will be aligned to Ghassan Mansour, Regional Head of Facultative Reinsurance for Western Europe, Willis Towers Watson, who said: “The French team is a great boost to our regional talent pool as we look to strengthen and sharpen our Fac proposition across Western Europe and align with our Global Fac hub based in London.
“The team will continue to focus on the growing appetite for developing better reinsurance solutions for all our carrier partnerships by capitalising on their significant experience, and Willis Towers Watson’s exceptional analytical capabilities.”
Jean Rondard, Co-Head of Corporate Risk & Broking for France, Gras Savoye Willis Towers Watson France, added: “We recognise the importance of our carriers in a challenging and evolving marketplace, so we are responding by creating a highly experienced and specialised independent Fac team in France to serve our local carriers and to provide solutions to their specific needs and strategic objectives.”