Gallagher hires Wakefield from Aon as new CEO of reinsurance

Gallagher hires Wakefield from Aon as new CEO of reinsurance

Gallagher, the worldwide broking brand of Arthur J. Gallagher & & Co., has actually revealed the hire of Tom Wakefield from Aon to handle the role of Chief Executive Officer (CEO) of its reinsurance company, Gallagher Re.Wakefield will take control of the Gallagher Re CEO function from Simon Behagg, who is transitioning into a new function of Managing Director of the reinsurance broker.
With the Willis Re acquisition on the cards, when its competitors have actually combined, Gallaghers reinsurance broking unit is set to become much larger and will inhabit a top-three position worldwide.
Nevertheless, we understand the hiring of Wakefield has been on the cards for months now, with the executive having actually been on gardening leave since late last summer season.
Wakefield spent 17 years at Aon, most recently as its COO for the Global Re Marine, Specialty and Composite reinsurance business.
Because role, Wakefield led Aons book of marine composite reinsurance business and was likewise its UK Growth Leader for reinsurance solutions.
As CEO of Gallagher Re, he will lead the continuous growth of Gallaghers reinsurance operations and will work closely with Simon Behagg and the rest of its senior management team to continue to drive an ambitious growth program.
In addition, Wakefield will join Gallaghers UK Executive Team reporting to CEO, Simon Matson.
Matson commented, “The evolution journey that sits behind Gallagher Re since its inception in 2013 is rather amazing. Considering that ending up being a fully-owned part of Gallagher in 2020, the company has actually continued to deliver on its aggressive growth trajectory, latterly under Simons leadership, and continued to draw in a wealth of reinsurance skill, including Tom, on to the group.
” We are happy to now have Tom enter the function of CEO at a time when Gallagher Re is set to embark on the most interesting chapter yet in the business remarkable development story. However, while the Willis Re deal advances through the needed regulatory processes, our focus remains on driving forward our existing Gallagher Re business technique with Tom at the helm.”
Commenting on his appointment, Wakefield included, “Gallagher Res increase from a start-up opposition brand to a world-class and highly-respected reinsurance broker is something that I have long appreciated. I am thrilled to be signing up with such a ingenious and entrepreneurial organisation and anticipate working together with this hugely talented group of individuals to drive forward business growth program and more expand and enhance our customer offering.”

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