Industry Segments: Facultative Page 1 / 2
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- August 16 2024
McGill and Partners expands Asia Pacific facultative team with two appointments
The broker has hired Sydney-based Brad Racker from Vero and named Rebecca Zacharow in London as associates in the regional fac team.
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- July 25 2024
Nepal air crash: 99.7% of estimated US$3m loss ceded out to foreign reinsurers
The hull and liability cover were provided by a Nepalese carrier Prabhu Insurance and reinsured with a London-based carrier through facultative cover, IAN understands.
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- July 2 2024
Koo Kang Wuu joins Munich Re Syndicate Labuan as managing director
With a background in direct and facultative (re)insurance, Koo will be responsible for driving specialty insurance growth in Malaysia.
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- June 27 2024
UIB Asia expands regional team with senior Aon and Marsh hires
The reinsurance broker has brought in Aon's Richard Oh as head of operations and marine reinsurance and Marsh's Tong Nee Saw as head of the facultative and specialty division.
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- June 4 2024
AI key to exposure management, risk assessment beyond covered perils: CCR Re
Technologies such as natural language processing, machine learning are transforming how the global reinsurer assesses risks, predicts claims and prepares for climate change, says CRO & actuary Jérôme Isenbart.
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- April 8 2024
More dedicated specialist energy capacity pivotal for Asia risks
Although fac capacity is growing, there is still further need for complex areas such as offshore wind and nuclear risk, Aon’s Geoffrey Lambrou says.
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- February 28 2024
Gallagher plans APAC fac buildout with Singapore, Sydney hubs
The broker, which is hiring a new team in the hub, wants to support the underwriters locally while writing business from around the world as it brings the offering under one international platform, according to Malcolm Payton.
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- February 9 2024
WTW expands Australasia fac team with Guy Carpenter hire
Sydney-based Michael Lazarus will join the broker's facultative team in Australasia as associate director
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- February 8 2024
Aon hires head of cedent facultative from Howden Specialty
Based in Singapore, Jack Eccles will be in charge of leading and developing the broker's cedent facultative proposition.
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- December 11 2023
Berkley promotes Ernest Teng as head of financial lines as Cassandra Lee departs
Singapore-based Teng will oversee the Singapore financial lines team and fac businesses from South-East Asia, Mauritius and Japan.
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- October 23 2023
Gallagher India hires Anirudh Singh specialty and facultative head
He was most recently chief underwriting officer for Markel Services India, a Lloyd's Syndicate in India.
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- August 23 2023
Miller promotes Nigel Cross to Asia fac head, hands Matthew Hooker expanded role
Hooker will head client strategy in the region, while Cross, who steps down as head of Singapore, will assume an additional role leading the broker's regional underwriting market engagement.
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- August 10 2023
BMS Re appoints Sean Sperring to develop APAC facultative book
He is based in Singapore as a director and was previously a facultative property underwriter at Munich Re in Sydney.
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- August 7 2023
Gallagher makes two senior hires for Asia financial lines push
Robert Sinclair joins the broker as director, wholesale & reinsurance placement - Asia and Chongting Xia becomes associate director, financial lines, Greater China.
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- July 13 2023
Everest chopper crash signals turbulence for Nepal’s aviation fac market
IAN understands the helicopter crash this week that killed six people will cost reinsurers around US$2.5m and adds to a series of safety failures that will likely see prices and retentions soaring.
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- June 23 2023
WTW India appoints Anand Kolhe as exec vice-president, facultative reinsurance
Prior to this move, he was associate director with Gallagher’s Indian insurance brokerage arm Edelweiss Gallagher Insurance Brokers.
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- June 12 2023
Mitsubishi D&O cover in the spotlight as lawsuit looms against securities arm
The fallout of Credit Suisse's demise will have wider repercussions as the cover placed locally would have been facultatively reinsured in the international markets.
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- June 2 2023
Miller taps Lockton’s Craig McCoig-Lees for APAC reinsurance build-out
Singapore-based McCoig-Lees will support the broker's facultative and treaty offerings in the region.
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- June 2 2023
Volante targets treaty, fac and M&A cover with Lloyd’s Asia launch
The specialty player will be led by Amy Fu in Singapore with initial lines to include property, engineering, motor, casualty and marine.
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- May 5 2023
Frontier launches fac broker with ‘big Australia focus’
The wholesale broker will focus on finding capacity for hard-to-place risks such as crypto, cannabis, cyber and tech PI.
