Aon has announced a series of appointments to its facultative reinsurance division across Germany, Austria and Switzerland.
Tobias Panckow has been named head of facultative Germany and Austria, reporting to Alexander Partmann, who retains oversight of the firm's facultative reinsurance operations across the German-speaking region.
Stefanie Wosik, head of client management, will coordinate short-tail lines, while Marco Meili, head of casualty DACH, will handle long-tail coordination.
Iris Kretschmer and Florian Lowes have been appointed broking managers – roles the firm said will focus on strengthening placement capabilities within the division. Three specialists in facultative reinsurance have also joined the team: Stefan Bembenek, Markus Knillmann and Görkem Sevinc.
Jan-Oliver Thofern, chairman of management at Aon Deutschland Beteiligungsmanagement GmbH & Co. KG, confirmed the appointments, saying the expanded team is expected to have a positive impact on both clients and internal operations.
The expansion comes amid what industry observers describe as increasingly favorable conditions for facultative buyers.
According to Howden, an influx of retained earnings, new capital and expanding insurance-linked securities capacity drove risk-adjusted reinsurance pricing lower at the January 2026 renewals – with global direct and facultative reinsurance recording average reductions of 15% to 20%.
Europe saw reductions of 10% to 20% amid low loss activity and excess capacity, though Germany experienced more moderate decreases of 8% to 11%. Dedicated reinsurance capital reached approximately US$501 billion at year-end 2025, lifting the sector's solvency margin ratio to 113% – its highest since 2021.
Aon's own Reinsurance Market Dynamics report noted that "an increasingly favorable facultative reinsurance market offers insurers an expanding range of flexible and complementary solutions to de-risk portfolios and support growth."
The DACH build-out aligns with Aon's broader strategic push into facultative reinsurance through its Aon Client Treaty facility. For 2026, the firm extended the facility to global facultative reinsurance clients – marking a significant expansion beyond its traditional client base – while maintaining 28.5% of pre-secured Lloyd's co-insurance capacity and a 1.5% client dividend.
Facultative reinsurance brokers can now request an ACT quote on all in-scope placements via Aon's digital trading platform, with the facility able to write up to 28.5% of any one order subject to an approved lead being in place.
Joe Peiser, CEO of Commercial Risk at Aon, said the renewal and expansion "exemplify Aon's unique Risk Capital Structure," adding that the facility combines market-leading Lloyd's capacity with data and analytics "to deliver risk capital with greater speed, certainty, and consistency."
The extension reflects Aon's broader investment in facultative solutions as demand for flexible reinsurance products continues to grow – a trend the firm's DACH appointments appear designed to capitalize on.
