All Facultative articles
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NewsAon Re hits back at WTW in Miami fac hires dispute despite settlement talks
Aon Re has made a filing in support of its motion to dismiss WTW’s lawsuit against it and fac hires it made in Miami last year, with the litigation proceeding despite the parties last month suggesting they may be close to a settlement.
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Acrisure Re enters preferred broking agreement for Indian fac business
Acrisure Re has signed a preferred partnership broker agreement with Mahindra Insurance Brokers for Indian facultative business.
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WTW appoints Modhvadia as head of structured risk for global fac
WTW has appointed Sudhir Modhvadia as head of structured risk – global facultative.
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WTW’s McManus to join Gallagher Re as head of NA casualty fac
WTW’s facultative broking executive Tom McManus is leaving the company to join the upstart facultative operations of Gallagher Re, The Insurer can reveal.
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Helvetia bolsters LatAm team with fac specialist Giralt
Helvetia has strengthened its Latin America-focused facultative capabilities with the hire of John Giralt from MGA Solis Re, The Insurer can reveal.
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Aon shuffles LatAm reinsurance leadership amid Hussey promotion
Aon’s Latin American reinsurance business has handed new roles to Jaime Pineda and Alejandro Gregory in a reshuffle that also follows Eduardo Hussey being appointed regional head of facultative, a move first revealed by The Insurer on Tuesday.
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New Aon hire Hussey promoted to head of LatAm fac unit
Newly arrived Miami-based Aon executive Eddie Hussey has been promoted to lead its facultative reinsurance broking operations in Latin America, The Insurer can reveal.
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WTW fights back in fac talent battle as takes Gallagher’s Sudbury to lead natural resources unit
WTW has swooped on Arthur J Gallagher for James Sudbury to lead its facultative reinsurance broking operation for its natural resources global line of business, The Insurer can reveal.
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Everest hires Ambridge’s Pozzebon prompting Brit-owned MGA to exit US property fac
Everest Re has made another major facultative hire in Nick Pozzebon, with his departure from former employer Ambridge Group prompting the Brit-owned MGA to exit the US property fac market, The Insurer can reveal.
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News
WTW’s North America head of fac Gorman exits to join Gallagher Re
The head of WTW’s North America facultative reinsurance business Peter Gorman has stepped down from his post to take up a role at Gallagher Re, The Insurer can reveal.
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GC shuffles fac leadership with Guerriero to become global chair
Guy Carpenter has reshuffled its facultative leadership team with Frank Guerriero to become global fac chairman and Ron Schmitz retiring after 26 years with the firm, The Insurer can reveal.
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Gallagher launches new specialty and fac reinsurance business in Dubai
Arthur J Gallagher has opened a new specialty and facultative business in the Dubai International Financial Centre (DIFC), with the broker taking a 51 percent majority share in Ace Re, with MIG Holding retaining the remaining 49 percent.
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Lockton Re hires Gen Re’s Wadman as North America casualty fac head
Fast-growing Lockton Re has brought in Gen Re’s Craig Wadman as North American casualty facultative leader.
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Aon says WTW’s restrictive covenants “unreasonable” in fac hires dispute
Following on from a judge last month approving a temporary injunction in WTW’s dispute with Aon over Miami-based fac departures, the parties in the case have provided a status report in which Aon argues the restrictive covenants at issue are “unreasonable restraint of trade” and “likely unenforceable”.
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Arch Re Fac names Hernandez CEO in post-Vivian reshuffle
Major facultative reinsurance player Arch has made a series of executive promotions in its unit dedicated to the sector including naming Santi Hernandez as CEO and the appointment of its first chief strategy officer.
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BMS Re continues US expansion with triple fac hire
BMS Re has unveiled a trio of hires as it continues to expand its facultative practice in Chicago and New York.
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Carpenter Marsh Fac names Coria as Miami chair
Carpenter Marsh Fac has made further management changes with Marcelo Coria named regional market leader and chairman of the unit’s Miami hub.
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BMS Re names Carpenter Marsh’s Gomez LatAm EVP
BMS Re has appointed former Carpenter Marsh Fac deputy CEO Juan Carlos Gomez as executive vice president of BMS Re Latin America & Caribbean, effective immediately.
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Carpenter Marsh Fac names Mazzocchetti Miami CEO
Marsh McLennan’s Latin America-focused facultative reinsurance operation has named Marcela Mazzocchetti as CEO for its Miami-based operation, The Insurer has learned.
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Viewpoint
Casualty fac firmly in focus heading into 2022
Upheaval in the treaty reinsurance market has historically led to heightened interest in facultative coverage. As such, the prospects for the fac market heading into 2022 are buoyant, with shifting in price expected in the commercial auto, workers’ compensation and general liability sectors, says Sompo International’s Christos Charitos.
