“We’re now facing a situation of overcapacity”
Since launching, Acrisure Re’s facultative reinsurance business has doubled its revenue every year – a testament to the external trends shaping market conditions.
In a recent interview with ReInsurance Business, Jen D’Arcy (pictured), EVP of facultative reinsurance at Acrisure Re, explained how the market is evolving. During the prolonged hard market, rising costs made facultative reinsurance more expensive, leading insurers to carefully consider how much coverage to purchase. Now, as the market softens and prices begin to ease, insurers are rethinking their buying strategies, balancing the need for protection wi