Aon has named Nick Fraccalvieri (pictured) CEO of global facultative, tasking him with directing the firm’s worldwide facultative reinsurance strategy from March 1, 2026.
Fraccalvieri will set strategic direction and oversee execution of Aon’s global facultative reinsurance operations, with ceded facultative central to the offering. He will work across the firm’s risk capital platform to align facultative placements with client capital strategies. He will also oversee development of digital capabilities and talent initiatives within the facultative unit.
Fraccalvieri joined Aon in 2023 to lead EMEA facultative reinsurance operations, bringing more than 25 years of experience across regional and international markets. Since then, the company said the EMEA facultative team has delivered accelerating growth. He will retain his position as CEO of EMEA facultative alongside his global responsibilities.
He succeeds Andrew Laing, who led Aon’s global facultative reinsurance operations for 10 years. Laing was appointed UK CEO of Reinsurance Solutions in July 2025 and will now focus fully on that role. Following the transition, he will continue to serve as global chair of facultative.
Andy Marcell, CEO of global solutions for Aon, said: “Over the past decade, Andrew has transformed our global facultative reinsurance operations into a true industry powerhouse, whose scale and capabilities have continually helped to shape better business decisions for our clients. His outstanding leadership has been instrumental in building the scale, capability and global reputation we hold today.
“With Nick’s market experience, proven leadership and strong understanding of facultative reinsurance, we are confident that we remain exceptionally well-positioned to transition into the next chapter of growth and deliver even greater value to clients across our facultative Reinsurance Solutions,” Marcell added.
The leadership change follows revenue growth in Reinsurance Solutions. In Q2 2025, the segment reported 6% organic revenue growth, with revenue rising to $688 million from $635 million in the prior-year quarter. For H1 2025, revenue reached $1.9 billion compared with $1.8 billion in H1 2024. The company cited double-digit growth in insurance-linked securities (ILS) and facultative placements among the drivers.
The appointment comes after several structural moves within Aon’s facultative operations. In July 2025, the firm extended its Aon Client Treaty (ACT) facility into global facultative placements within Reinsurance Solutions. ACT, launched in 2016, has delivered more than $3.5 billion in premium to market. The facility can write up to 28.5% of any one order, subject to an approved lead and class limits, and comprises 11 Lloyd’s carriers rated A+ by AM Best, with capacity commitments through 2025 to 2027.
Regional leadership changes have also been made. In May 2025, Aon appointed Luke Reeve-Tucker head of facultative reinsurance for Latin America, expanding his remit from the Caribbean to include oversight across both regions. In January 2026, Avishek Rath joined as head of growth for Facultative Reinsurance Solutions in India.
Fraccalvieri’s appointment consolidates global facultative oversight within this broader framework of facility integration, regional appointments and capital solutions development under Aon’s Risk Capital platform.
