Marc P. Piccione, Partner, joined the New York office of Acrisure Re (formerly Beach) in 2015 from U.S. RE Corporation, where he led client and production teams since 2003. Prior to that he worked at the Munich Re Group’s head office in Munich, Germany in the Ceded Retrocession Department and assisted in the placement of over $1 Billion of limit in the reinsurance marketplace with reinsurers throughout the globe. Prior to Munich Re, Marc worked at the head office of Assicurazioni Generali in Trieste, Italy in the Generali Group’s Reinsurance and Retrocession Department.
Marc currently handles the account management and placement of a number of property catastrophe excess of loss programs, with a specific focus on high severity territories including, but not limited to, Florida, Texas, Louisiana, and Mississippi. With his strong catastrophe background, Marc has a full understanding of catastrophe risk and exposure management, including knowledge in the use and interpretation of catastrophe modeling and related innovative portfolio optimization methodologies. He works very closely with his clients to implement these and other related strategies to help them achieve the optimal combination of return on capital, reinsurance costs, and comprehensive coverage.
In addition, Marc has been instrumental in the placement of some of the world’s largest property catastrophe excess of loss programs, an example of which is the Turkish Catastrophe Insurance Pool with more than $3 billion of Earthquake limit placed with reinsurers and capital markets throughout the world. Such placements have given Marc extensive experience and credibility with domestic, London, European, and Asian traditional reinsurers, as well as capital markets and collateralized (ILS) capacity.