Izzo: Everest sets sights on growing $1bn+ fac bookOpportunities 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 The Insurer.
Lockton Re bolsters international casualty fac with Gen Re’s CohnLockton Re has appointed Rachel Cohn to lead its international casualty facultative practice.
Stronger signs of elevated buyer confidenceGhassan Mansour, head of facultative reinsurance at Acrisure Re, examines the ever-shifting market dynamics.
Juniper Re hires former Aspen Re US fac head Wagner to launch into facultativeJuniper Re has hired former Aspen Re US facultative head Russ Wagner to lead the reinsurance broking start-up’s expansion into facultative business, The Insurer can reveal.
Redline gets Lloyd’s capacity for LatAm and Caribbean property fac offeringRedline 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 bolsters LatAm fac offering with Specialty Re partnershipAcrisure Re’s facultative division has signed a preferred partnership broker agreement with Specialty Reinsurance Brokers for facultative stock throughput and property business.
Amwins: property fac market shows signs of softeningThe 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.
IGI spies US treaty and fac growth opportunitiesInternational 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.
Gallagher strengthens global fac hubs with Ardonagh, GC and Miller hiresGallagher has bolstered its facultative reinsurance team with five appointments across its existing teams in London, New York and Dubai, as well as establishing new hubs in Singapore and Sydney.
McGill builds European reinsurance presence with Heiler in GermanySpecialty (re)insurance broker McGill and Partners has continued the build-out of its facultative offering with the appointment of Josef Heiler as a partner in the fac reinsurance team in Hannover, Germany.
Miller continues fac expansion with Guy Carpenter’s SpellsMiller has appointed Ollie Spells as head of London property facultative within its global facultative team.
WTW’s London-based head of global facultative Alex Shepherd departsWTW’s London-based head of global facultative Alex Shepherd is leaving the firm after two years, in a move that comes as the broking giant is exploring a potential full-scale re-launch of its reinsurance broking business, The Insurer can reveal.
Too good to missSean Sperring, director of facultative reinsurance at BMS Re, talks about why this is an exciting time to rejoin the firm.
Standing apart from the crowdHaving rejoined Aon in 2023, Nick Fraccalvieri, Reinsurance Solutions’ leader of EMEA facultative, explains how the firm is enhancing its competitive advantage in the region to help shape better business decisions.
LatAm-focused MGA Redline approved as Lloyd's coverholderMGA Redline Underwriting has been approved as a Lloyd's coverholder, in a move the firm said will strengthen its ability to offer facultative reinsurance solutions to the Latin American market.
Fraccalvieri re-joins Aon’s Reinsurance Solutions unit as EMEA facultative leaderAon has expanded its regional reinsurance offering with the appointment of Nicola Fraccalvieri as leader of the EMEA facultative team within the Reinsurance Solutions unit.
Facultative reinsurance takes its seat at the tableAcrisure Re’s Ghassan Mansour examines the rising prominence of facultative reinsurance.
GC Fac’s O’Grady and Smulsky leave for Alliant and AonAlliant Re has continued its build-out by hiring longtime fac executive Bill O’Grady from Guy Carpenter, while the Marsh McLennan-owned company has also lost Jude Smulsky to Aon as the firm rebuilds its US casualty fac team, The Insurer can reveal.
BMS Re bolsters property fac practice with trio of senior hiresBMS Re has bolstered its property facultative practice with the appointments of Steve Housse as managing director and facultative practice lead, and Daniel Shea as senior vice president of property facultative.
Everest hires Ascot’s Anthony Kashuba for US facultative leadership roleEverest Re has hired Anthony Kashuba from Ascot to join its US facultative leadership team, with the new hire expected to take a top post within the Bermudian’s casualty fac operations, The Insurer can reveal.