More capacity for facultative risks
Aon’s renewed Client Treaty facility will cover a larger share of eligible placements in 2027, increasing its co-insurance capacity from 28.5% to 35%. The change takes effect Jan. 1 and applies to eligible business placed through Aon’s Global Broking Centre and facultative reinsurance placed by Aon Reinsurance Solutions. In practical terms, the facility is set to take a greater portion of qualifying placements, subject to its eligibility rules and client agreement.
That increase is meaningful, though it doesn't tell the whole story. A larger share of a placement can help clients secure more committed capacity through the facility, but the announced percentage alone doesn't reveal which risks will qualify, how capacity will be allocated, or whether every eligible client will use the full share. Those details matter when assessing how much the expansion changes an individual placement.
More capacity for facultative risks
The higher share matters for insurers placing large or complex individual risks, where facultative reinsurance can provide capacity for specific exposures. Unlike arrangements that address a broader portfolio, facultative cover is considered for an individual risk, making the available terms and capacity relevant to the placement at hand. ACT has supported facultative placements since late 2025; the 2027 expansion lets eligible clients access committed capacity for a greater portion of each placement, Aon said.
This is more significant than it looks: committed capacity can make a placement process more predictable for a client seeking to transfer a particular exposure. Still, “committed” shouldn't be read as a guarantee that every risk will be accepted or that a placement will proceed on identical terms in every circumstance. The announcement describes a facility for eligible business, not an unconditional commitment covering all submissions.
Strong support from market partners has accompanied rising client demand for committed capacity, according to the broker. QBE leads the facility, with Lloyd’s syndicates providing backing. Lloyd’s carries ratings of “AA-” from S&P and “A+” from AM Best. The named support gives readers a clearer sense of the market participants behind the arrangement, while the ratings cited are for Lloyd’s and don't, by themselves, describe the terms or availability of any particular placement.
Terms, eligibility and client participation
Clients using ACT receive capacity on the same terms and pricing as the lead placement. That feature can make participation easier to assess: the facility's share isn't described as carrying a separate price or a different set of terms from the lead. Yet clients still need to consider the structure of the placement as a whole, including what is eligible and how the facility fits alongside other capacity.
They may also qualify for a 1.5% Client Dividend, which will apply to the expanded 35% share where local law and regulation permit and eligibility requirements are met. The qualification matters. The dividend isn't presented as automatic for every client, and its application depends on both eligibility and local permission. Participation requires client agreement, and Aon says placements are managed under its conflicts of interest framework.
(And this is the part most people overlook.) A facility can add capacity while leaving important decisions with the client: whether to participate, whether a particular risk meets the criteria, and whether the proposed placement works for its needs. If you're working in this space, those conditions are likely to matter as much as the headline increase when discussing the arrangement with clients.
A facility with a longer track record
Since its 2016 launch, ACT has placed more than $5 billion in gross written premium. That figure gives the expansion some operating history to sit alongside it, although cumulative premium doesn't show how much capacity the facility has available in 2027 or how its business is distributed across risks. The announcement offers a record of activity, not a forecast of future volume.
Aon presents ACT alongside the Digital Placement Exchange, Broker Copilot and Claims Copilot as part of its investment in broking tools intended to streamline placement and claims processes. The grouping reflects the broker's stated focus on tools and processes across several stages of insurance work. It doesn't establish how much time or cost any individual client will save, so those benefits should be assessed from the client's experience rather than assumed from the product list.
“As the risks our clients face grow more complex and interconnected, efficient access to risk capital has never been more important,” Joe Peiser, Aon’s CEO of Risk Capital, said. He said the increased share is intended to give clients greater efficiency and confidence in placing risks.
Helene Madell, CEO of Aon’s Global Broking Center, said facultative reinsurance had become one of ACT’s fastest-growing areas. The 2027 increase extends the facility’s capacity as that demand develops. That account helps explain why Aon is expanding the share, while leaving the scale and pace of future demand unspecified.
What the expansion could mean
The central question is whether the additional share meets a practical need in placements that qualify. For a client arranging facultative cover, access to a greater portion of capacity through one facility may simplify part of the placement. But the effect will depend on eligibility, client consent, the risk being placed and the capacity available from the facility's supporting market participants.
Here's the thing: the increase is a concrete change to the facility's stated co-insurance share, while claims about efficiency and confidence remain Aon's intended outcomes. Those outcomes may be valuable, but the announcement doesn't supply measures that would let clients compare placement speed or results before and after the expansion. The capacity change is clear. Its effect on each client's process will vary.
For now, the most useful way to read the announcement is as an expansion of an existing arrangement with a defined effective date, named distribution channels and conditions attached to participation and the dividend. The facility's prior activity provides context, and the backing identified by Aon describes its market support. More capacity, on stated terms.
Details are available from Aon’s ACT page.
