Howden Re Fac has announced the appointment of Nicolò Forcellini as a director within its DACH London team. In his new role, Forcellini will operate under the leadership of Tom Sharman, managing director at Howden Re Fac.
Bringing over six years of reinsurance broking experience, Forcellini previously held various roles at Aon. From February 2022 to January 2025, he served as a reinsurance broker in London, following his tenure as an insurance broker specializing in international property from September 2018 to March 2022.
Prior to joining Aon, Forcellini gained valuable industry experience through internships at Valentino in Italy, where he worked in financial management and reporting, and at Allied World in London, where he contributed to business development initiatives.
Forcellini holds a Bachelor of Business Administration from Hult International Business School and attended Pangbourne College from 2011 to 2013.
The facultative reinsurance sector has undergone significant transformation in recent years, reflecting broader market trends. In 2024, the global reinsurance market was valued at approximately $458.72 billion, with projections indicating an increase to around $761.93 billion by 2034, representing a compound annual growth rate (CAGR) of 5.7%.
Facultative reinsurance has become an increasingly attractive option for insurers due to its flexibility in negotiating tailored coverage for individual risks. This approach is particularly beneficial for high-value or specialized policies that do not conform to standard treaty agreements.
By ceding specific risks on a case-by-case basis, facultative reinsurance allows insurers to enhance risk management strategies, mitigating exposure to large losses and bolstering financial stability. Additionally, insurers can leverage the specialized expertise of reinsurers to navigate complex or non-standard risks more effectively.
Beyond its facultative reinsurance expansion, Howden Re recently appointed Emily Lo as head of analytics for Asia, reinforcing its commitment to strengthening its presence in the region. This strategic move underscores the firm’s dedication to growth and expertise across global markets.
