POLAND: Acrisure Re partners with Polish Smartt Re to access the CEE reinsurance facultative business

2 February 2023 — Daniela GHETU
Acrisure Re, the (re)insurance division of top-10 global insurance broker and fintech platform Acrisure, announced that its Facultative team has signed a preferred partnership broker agreement with Polish Smartt Re specifically for Central Eastern European (CEE) Facultative business, effective immediately.

Headquartered in Warsaw, Poland, Smartt Re is the leading reinsurance broker in Poland with a significant role in the wider region. The company is part of MJM Holdings brokerage group specializing in reinsurance programs in key sectors of the economies across the CEE facultative and obligatory reinsurance market.

The agreement will provide Acrisure Re access to the local market, one of the largest markets for Facultative reinsurance in Central Eastern Europe, benefiting from Smartt Re's domestic knowledge and extensive market relationships. In addition, Smartt Re will gain access to Acrisure Re's global distribution network; broad broking expertise across the global (re)insurance market as well as the full suite of Acrisure Re's analytical tools and solutions.

"We are delighted to be partnering with Smartt Re in Poland following our recent success together across the heavy industry sector. Their outstanding reputation as Facultative specialists in the large or complex segment is a win-win for both businesses, and I am delighted to be working with our friends at Smartt Re to deliver for our mutual clients," Ghassan Mansour, Head of Facultative Reinsurance at Acrisure Re said.

Michal Chmielewski, Vice President for International Expansion of MJM Holdings and Smartt Re Founder, said: "I'm extremely proud to be partnering with Acrisure Re. We see a huge opportunity to grow in the Facultative space across the CEE region and our clients stand to benefit from our combined value underpinned by technology know-how. We share the same entrepreneurial spirit and unstoppable drive to finding reinsurance solutions even when they seem unreachable."

The announcement follows a number of Facultative strategic partnership announcements designed to expand Acrisure Re's footprint and focus within key territories including Leue & Nill in Germany and Mahindra Insurance Brokers in India.

About Acrisure Re

Acrisure Re is a premier reinsurance broking and advisory firm with a reputation for innovative reinsurance placements for complex and technical books of business. Operating in Asia, Bermuda, Florida, London, Minnesota, New York, North Carolina, Seattle, Toronto and Zurich, Acrisure Re works with major insurance companies and insurance distribution partners to understand and achieve corporate risk management goals through the purchase of reinsurance and insurance portfolio solutions. By fostering a team mentality, both internally and with clients, the company develops a thorough understanding of clients' situations and markets, and identifies creative and unique opportunities for innovative and ingenious solutions that add value and get positive results.

Acrisure Re has a global team of experienced and talented employees dedicated to providing advisory, portfolio, and reinsurance solutions. Learn more at www.AcrisureRe.com.

About Smartt Re

Smartt Re is the leading Polish reinsurance broker specializing in finding capacity in international markets to cover large and complex risks in the key sectors of economy: energy, infrastructure, heavy industry, marine or aviation. Throughout the 15 years of operations Smartt Re has placed reinsurance for the Poland's and CEE Region's most strategic industries. The company moves freely in international markets, while its greatest value is the knowledge of domestic realities with experience, creativity and passion of the employees. Smartt Re is part of MJM Holdings, one of the largest Polish brokerage groups in Poland by revenue. The group brings together under one umbrella all the competencies needed for its clients to receive full support in risk management and comprehensive insurance and reinsurance cover. Learn more at www.smartt.pl and www.mjmholdings.pl.