Gallagher Re, the global reinsurance brokerage, named Steven Housse as facultative reinsurance leader for North America, starting this week.
Housse, based in Atlanta, joins Gallagher after three years as managing director with BMS Group, a London-based insurance and re broker. Before that, he was with Marsh, Guy Carpenter and Brown & Brown.
Facultative reinsurance, one of the oldest forms of reinsurance, is when an insurer assigns a specified, high-dollar risk, rather than a portfolio or level of coverage to a reinsurer, according to IRMI.

The South Carolina Senate has ratified the reappointment of John “Gabe” Coggiola to the state Workers’ Compensation Commission. His term begins in June and will last through 2032, the commission announced this week.
Coggiola, a Columbia, South Carolina, native, was appointed to the commission by the governor in 2024. He earned his bachelor’s degree and his law degree from the University of South Carolina and has been in law practice since 2005.
He spent 16 years representing employers and carriers as well as injured workers in workers’ compensation cases and appeals. He also is a certified mediator.
Was this article valuable?
Here are more articles you may enjoy.
Study: AI May Be Tempering Insurer Hiring
3 Big Questions Facing FEMA With Kristi Noem Out
Indiana Church Not Owed Replacement-Cost Payment for Fire Damage
US Offers $20 Billion Reinsurance Plan to Spur Gulf Oil Flow 

