Willis Towers Watson bolsters France fac reinsurance hub
Broker Willis Towers Watson has reinforced its existing facultative reinsurance business in France by growing its team of specialists based in Paris.
The company has created an independent and dedicated team of three specialists, which is operating under the Gras Savoye Facultative brand, as part of Willis Towers Watson’s global fac business.
Amélie des Monstiers will lead the fac division which is expected to help spearhead the company’s facultative strategy across France.
Willis said the investment plays a key part in the company's overall strategy for its global fac business, which is headed by Toby Wemyss. The enhanced hub in France will complement the company’s other European fac operations in Madrid, Stockholm, and the team recently established in Munich.
The French team will be aligned to Ghassan Mansour, regional head of facultative reinsurance for Western Europe, Willis Towers Watson. Mansour said: “The French team is a great boost to our regional talent pool as we look to strengthen and sharpen our fac proposition across Western Europe and align with our Global Fac hub based in London.
"The team will continue to focus on the growing appetite for developing better reinsurance solutions for all our carrier partnerships by capitalising on their significant experience, and Willis Towers Watson’s exceptional analytical capabilities.”
Jean Rondard, co-head of corporate risk & broking for France, Gras Savoye Willis Towers Watson France, added: “We recognise the importance of our carriers in a challenging and evolving marketplace, so we are responding by creating a highly experienced and specialised independent Fac team in France to serve our local carriers and to provide solutions to their specific needs and strategic objectives.”
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