Acrisure Re launches international facultative unit
Acrisure Re, the reinsurance broking and corporate risk advisory firm with an operation in Bermuda, has launched an international facultative unit.
The company, which is the reinsurance division of global insurance broker and fintech services provider Acrisure, said the unit will be led by Matthew Harvey as senior vice-president.
Mr Harvey, who will be based in London, joined Acrisure Re on May 10.
He will report to Acrisure Re Group chief executive officer Jason Howard.
In his new role, the company said Mr Harvey will develop the Acrisure Re offering to carriers, bringing to bear the product, technology and analytical expertise of the group.
Mr Harvey joins Acrisure Re from Willis Towers Watson where he was senior vice-president, broker and producing broker for the international property team. He was responsible for the Western, Central and Eastern Europe, Asia and Canada accounts.
Prior to joining Willis in 2018, Mr Harvey spent 16 years as a director at Aon in London, Hong Kong and Singapore. His role included broking as well as management of strategic accounts and policy wordings for multiple regions including EMEA, APAC and Latin America.
He has also held broking roles at JLT and HSBC.
Mr Howard said: “We are delighted to formally announce our expansion into the international facultative space. It is an area with significant opportunity for growth and Matt is the perfect person to start this venture.
“He has developed an extensive network of valuable, longstanding global relationships which, accompanied by his vast knowledge and expertise, will be extremely beneficial as we expand this offering. I look forward to working with Matt to deliver the best facultative solutions to our clients.”
Mr Harvey said: “I am thrilled to join Acrisure Re and work with Jason and his tirelessly focused and collaborative team. This is an opportunity to combine our knowledge and expertise to grow the business and, having worked in this industry for many years, I am confident in our success.
“As an industry leader, I look forward to Acrisure Re’s continued expansion.”
Acrisure Re provides risk management solutions for complex and technical books of business, it said. Headquartered in London, the company has operations in Amsterdam, Bermuda, Toronto, Zurich, Atlanta, Burlington NC, Minneapolis, New York, and Seattle.
The company said Acrisure Re and Acrisure London Wholesale have a combined global team of more than 260 employees.
Acrisure, the global insurance broker and fintech services provider, provides a broad array of insurance and financial related solutions, including commercial property and casualty, personal lines and employee benefits insurance and asset management products and services.