shutterstock_708283213-1
shutterstock_708283213
29 June 2022Insurance

Acrisure Re partners with major market player for global facultative expansion

Acrisure Re, the reinsurance division of global insurance broker  Acrisure, has partnered with a major player in an “an important and growing market with significant demand for facultative solutions” to further expand its global footprint.

Acrisure Re’s facultative team has signed a preferred partnership broker agreement with Mahindra Insurance Brokers (MIBL), for Indian facultative business, effective immediately.

Headquartered in Mumbai, MIBL is an insurance subsidiary of Mahindra & Mahindra Financial Services - one of India’s leading non-banking finance companies.

The preferred broking agreement follows  Acrisure Re’s recent appointment of Duncan Ainsby to lead its new Asia facultative operation to further grow its global facultative proposition, which is led by Ghassan Mansour, head of facultative.

The agreement gives Mahindra Insurance Brokers access to the global reinsurance markets, “significant broking capabilities” spanning non-marine lines and access to the full suite of Acrisure Re analytical tools and solutions.

Matthew Harvey, head of broking at  Acrisure Re fac, said: “India is an important and growing market with significant demand for facultative solutions. This agreement is further evidence of our commitment to expanding our footprint and capabilities partnering with a major player in the market. We are very proud to be working so closely with our friends at Mahindra Insurance Brokers and look forward to building on our success together.”

Vedanarayanan Seshadri, MD & principal officer of Mahindra Insurance Brokers, commented: “ Acrisure Re’s extensive expertise, proven ability to provide complex structured facultative placements and their ability to access global markets will be of real value to us. We are very pleased to partner with the reinsurance arm of the world’s fastest growing independent broker and, on a personal basis, to formalise our long and productive working relationship.”

Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
1 August 2022   The partnership aims to support clients in one of the most challenging market conditions.
Insurance
27 July 2022   Hire has 25 years plus experience in various senior industry posts.
Insurance
18 May 2022   The exec has held multiple roles at Willis Towers Watson, Aon, Gallagher Re and Lloyd’s.