Europe’s facultative reinsurance market is drawing serious investment from the world’s largest brokers, and Gallagher Re is making its ambitions clear one hire at a time.
The firm has appointed Chloé Meurisse as divisional director, FAC, adding a 28-year facultative reinsurance veteran to its European platform. Gallagher Re said she will focus on strengthening and growing its European FAC business. Her background spans international client management and London’s specialty market.
Meurisse’s career covers three major re/insurance firms across nearly three decades. She spent 17 years at Miller Insurance Group, serving most recently as account executive within facultative reinsurance. Before that, she was a reinsurance broker at Aon Benfield for four years, and a placing broker at AIG for seven years prior.
The hiring wave sits within a market that has shifted sharply in buyers’ favour. Gallagher Re’s own market report found that global direct and facultative reinsurance recorded average risk-adjusted rate reductions of 15% to 20% at the January 2026 renewals.
Moody’s described the scale of the decline as the steepest in over a decade. Record capital supply and three years of strong reinsurer earnings drove the shift.
Softening rates have not slowed Gallagher Re’s expansion. In April, the firm added Odd Kåre Engh Mistereggen to its Nordic FAC team. It was the second hire in the region, following Henrik Hoppendorff’s appointment in Stockholm.
The demand side explains the logic. A WTW survey found that 86% of senior P&C insurance executives viewed fac reinsurance as a key part of their risk and capital strategy. A further 68% planned to increase fac purchases over the following two years.
The European push mirrors what Gallagher Re has been doing in North America. In March, the firm named Steven Housse as its North America fac leader.
The appointment reflected a tension running across both markets. US and Canadian property fac rates fell 25% to 30% at the January 2026 renewals, yet underlying exposures kept rising.
The entire buildout runs through Pablo Muñoz, the former Aon executive Gallagher Re appointed as its first global facultative CEO in July 2025. Since then, the firm has added brokers across the US, the Nordic region, and now continental Europe.
Meurisse’s appointment extends that footprint further into the London specialty market, where she has spent the bulk of her career.
