Willis Re's facultative reinsurance division has been merged with the broker's wholesale operations with the launch of an independent broker to serve third parties under the revived Faber brand.
The new global entity has been formed via the reversal of Willis Re Fac into Glencairn, the wholesaler Willis inherited with the 2008 acquisition of HRH.
Faber is to be led by Willis Re's former CEO of international and specialty Jason Howard and will be a separately regulated entity with its...
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