July 24, 2018
Willis Towers Watson has reinforced its existing Facultative (Fac) reinsurance business in France by creating an independent and dedicated team of three specialists based in Paris.
The new Fac team will operate under the Gras Savoye Facultative brand as part of WTW’s global Fac business, and will be led by Amélie des Monstiers.
Des Monstiers established relationships with the market will help engagement with insurance carriers on all business emerging out of Gras Savoye Willis Towers Watson France. This reinforced division will also help lead the company’s facultative strategy across France.
The enhanced hub plays a key part in Willis Towers Watson’s overall strategy for its global Fac business, headed by Toby Wemyss. It complements the company’s other European Fac operations in Madrid, Stockholm, and the team recently established in Munich.
As with those operations, the new team will be aligned to Ghassan Mansour, regional head of facultative reinsurance for Western Europe, Willis Towers Watson, who 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.”