As the reinsurance market transitions from a hard to a softer phase, facultative reinsurance is shifting from being primarily transactional to serving as a strategic tool for insurers. This evolution is enabling companies to better manage volatility, optimize capital allocation, and pursue growth opportunities.
Luigi Boglione, Managing Director and Head of International Facultative at Howden Re, spoke with Intelligent Insurer about these changes. He described how the sector is moving toward facilities, portfolio-style solutions, and platform-based models that offer quicker quoting processes, wider coverage options, and improved data accuracy.
Boglione emphasized the importance of local expertise combined with global reach. He noted that Howden Re’s team of 200 specialists operates in 30 countries, which allows the firm to deliver customized solutions by leveraging both regional knowledge and international resources.
Looking forward, Boglione anticipates further expansion of facilities and portfolio solutions. He also expects stronger partnerships between reinsurers and clients and an ongoing emphasis on service quality and innovation. “The next phase of the market cycle,” he says, “will be led by those who invest in the right people and tools.”
For more details on these trends in facultative reinsurance, readers can access the full article at Intelligent Insurer.