Ardonagh Specialty has announced that it has brought facultative reinsurance capabilities together in Inver Re.
The facultative team from Besso Re – which Ardonagh acquired in 2021 through its takeover of BGC’s insurance operations – will be led by Nikki Melbourne in the role of Head of Facultative, Inver Re.
Melbourne previously held the role of Head of Facultative at Besso Re, where she was part of a team that successfully launched and grew a multi-geography multi-product line capability business.
She joined Besso Re from JLT Fac , and has held senior underwriting roles at major firms such as Allianz, Mapfre and RSA.
Throughout the next few months, Melbourne will oversee both the Besso and Inver teams to ensure clients receive a transparent and seamless service.
Additionally, the Inver Re facultative team now has global capability property, casualty, power, renewables, specie and terrorism and is eight-people strong.
Inver Re London CEO Jonathan Prinn, said: “As recent market trends have demonstrated, facultative purchases are now perhaps even more important to clients as they seek to find balance sheet protection that they would have historically passed to their treaty reinsurers.
“Bringing the different facultative teams together from across the Ardonagh Group into Inver Re creates critical mass and a centre of excellence with broad capabilities that our clients directly benefit from. I’m delighted that it will be led by Nikki, who has a formidable track record in growing successful units.”
Melbourne, added: “The Ardonagh Group is home to some of the best entrepreneurs in the market that thrive on new opportunity and ways of doing things. I’m pleased to be joining a leadership team that not only encourages fresh ideas, enthusiasm and drive – but expects it.
“A combination of the platform that Inver Re offers, and the current dislocation in the market make this an opportune and exciting moment to be scaling up a Fac solution that is meaningful for our clients.”
