BMS makes Chicago and Houston hires from WillisBMS has continued its US reinsurance build out with the hires of Bradley Nebel as branch manager in the Chicago office and Mariel Biancardi as casualty facultative senior vice president in Houston, with both joining from Willis Towers Watson.
WTW appoints global data and innovation head for global fac teamWillis Towers Watson (WTW) has promoted Fiona Shaw to head of data, analytics and innovation for its global fac division.
Ed adds RFIB’s Ulhaq to build Mena property fac teamEd has strengthened its international property facultative reinsurance team with the addition of Assad Ulhaq as senior broker and producer.
Guy Carpenter hires WTW’s Upton to lead new fac unitGuy Carpenter has hired Willis Towers Watson’s Laurence Upton to lead a newly launched Hybrid Solutions UK unit within its GC Fac division.
GC hires WTW’s Fac head Lawrence for new role in restructureGuy Carpenter has named former Willis Towers Watson global head of fac broking Henry Lawrence as a managing director of GC Fac UK, responsible for the US region.
Oneglobal adds former JLT Fac CEO Macdonald-Smith to lead D&F build-outJC Flowers-owned Oneglobal Broking – the newly rebranded SSL Endeavour – has named the former CEO of JLT Fac Vanessa Macdonald-Smith as executive director, responsible for direct and facultative (D&F).
Swiss Re NA fac premium grew 60% in 2019Swiss Re saw 60 percent growth in its North American facultative book last year and is seeing similar momentum in 2020 as demand for the product surges in what is often viewed as a lead indicator for change in the treaty market, The Insurer can reveal.
GC Fac continues to bolster London ranks with WTW and Lockton Re hiresGuy Carpenter is continuing to strengthen its London fac team with two more hires from rivals, including WTW’s global head of fac broking, Henry Lawrence.
Further rate increases needed: Arch’s GrandissonArch Capital’s president and CEO Marc Grandisson believes the industry still needs further rate increases but said E&S and facultative reinsurance are showing particularly positive movement.
Liberty Mutual Re adds to Brazilian treaty teamLiberty Mutual Re has bolstered its team in Brazil with the hire of Lucas Pimentel as treaty class underwriter for the southern cone region, The Insurer has learned.
Aon takes reinsurance revenue top spot despite GC-JLT Re comboAon’s Reinsurance Solutions arm has taken the top position as measured by revenues from its rival Guy Carpenter based on 2019 financials, analysis by The Insurer reveals.
Capacity cuts and losses push LatAm fac pricing at 1.1Withdrawals of capacity and a series of major losses have made the first of Latin America’s major renewal dates typified by significant pricing changes for facultative business.