WTW has announced the appointment of Tony Simm as head of facultative for Great Britain.
Facultative
Competitive market dynamics are driving an increase in demand for facultative reinsurance for casualty, energy and construction-related risks, although access to capacity remains a significant barrier, according to a new WTW survey.
Expansive Aventum Group-owned MGA Rokstone has added Aviva capacity to support its direct and facultative (D&F) property portfolio under a three-year binding authority agreement,
Nick Fraccalvieri, CEO of Aon’s EMEA facultative reinsurance business, shares his observations on what is driving facultative purchasing, the underlying market conditions and how Aon is remaining at the forefront of increased competition.
Price Forbes Re has appointed Oliver Waterhouse as the head of property facultative.
Buyers of reinsurance are beginning to turn to facultative coverage to overcome ongoing and emerging market risks, according to Laura Hunt, Aon’s US facultative insurance leader.
Swiss Re has tasked Juliana Alves with leading its facultative P&C business in Latin America, with the appointment going into effect from the beginning of October.
Price Forbes Re, the reinsurance broking unit of Ardonagh Specialty, has strengthened its fac team with the appointments of Fred Few Brown and Jonathan Gerken.
Opportunities in property and casualty facultative reinsurance are firmly in Everest’s crosshairs as it looks to further grow its $1bn-plus book in the sector as clients increasingly view the specialist protection as a strategic purchase, Anthony Izzo has told
Lockton Re has appointed Rachel Cohn to lead its international casualty facultative practice.
Ghassan Mansour, head of facultative reinsurance at Acrisure Re, examines the ever-shifting market dynamics.
Redline Underwriting has secured capacity from a panel of Lloyd’s syndicates to write a book of property facultative reinsurance business in Latin America and the Caribbean.
Acrisure Re’s facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers for facultative stock throughput and property business.
The signs of softening being seen in the E&S property market are also showing up in the facultative reinsurance market as growing carrier appetite leads to an easing of capacity constraints, according to Amwins.
International General Insurance Holdings continues to see plenty of opportunity to grow its treaty and facultative reinsurance books in the US with both regional and catastrophe-exposed business after recording 35 percent growth in the country in Q1 2024.
