Aon Benfield launches fac trading platform
The ability of cedants to access facultative reinsurance
capacity should be improved with the launch of a pioneering new
online trading platform, according to the industry's largest
fac broker, Aon Benfield Fac.
The intermediary has today (3 September) launched FAConnect, a web
portal that links fac buyers to capacity providers and, by reducing
the frictional transaction costs, should provide greater liquidity
for small-to-medium value facultative placements.
Elliot Richardson, CEO of Aon Benfield Fac, explains that the
portal will end the...
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