Aon has selected Nick Fraccalvieri to serve as CEO of global facultative at its Reinsurance Solutions division, effective from 1 March 2026. 

Fraccalvieri joined Aon in 2023, becoming CEO of EMEA facultative reinsurance activities, a role he will retain alongside his new responsibilities.  

He has more than 25 years of experience in the insurance industry, with a background in both regional and international leadership roles.  

Since his arrival, he has managed a team focused on developing the facultative reinsurance segment for Europe, the Middle East and Africa (EMEA). 

In his new position, Fraccalvieri will be tasked with establishing the “strategic direction and driving the execution” of the global facultative reinsurance strategy, according to a statement issued by the company.  

His remit will include placing ceded facultative business at the centre of Aon’s approach, collaborating across the Risk Capital platform and working on sustainable growth initiatives. 

He will also oversee efforts to advance digital capabilities and talent programmes to maintain Aon’s position in responding to client requirements in a changing risk environment. 

Fraccalvieri will take over from Andrew Laing, who is set to concentrate entirely on his duties as UK CEO of Reinsurance Solutions, a position he was appointed to in July 2025. 

Laing, who has led the global facultative reinsurance team for a decade, will remain involved as global chair of facultative for Reinsurance Solutions. 

After this leadership transition, Fraccalvieri will continue as CEO of EMEA facultative operations alongside his new responsibilities. 

Aon global solutions CEO Andy Marcell 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.” 

Aon posted net income attributable to shareholders of $1.7bn (£1.25bn) for the fourth quarter of 2025, a 136% jump compared to $716m a year earlier.