Gallagher Re grows significantly, as AJG completes Willis Re acquisition

Gallagher Re grows significantly, as AJG completes Willis Re acquisition

Arthur J. Gallagher & & Co. has announced today that it has now finished its acquisition of considerably all of the treaty reinsurance brokerage operations from Willis Towers Watson plc., so the Willis Re system, which will now trade and sign up with under its Gallagher Re brand.With this conclusion, Gallagher Re grows its influence in the worldwide reinsurance market significantly and the combined companies will trade as Gallagher Re from more than 70 offices throughout 31 countries around the globe, with around 2400 reinsurance broking personnel.
Gallagher Re will now be led by James Kent, Global Reinsurance CEO and the previous leader of Willis Re.
Kent will report to Tom Gallagher, Gallaghers CEO of Global Property & & Casualty Brokerage.
” I d like to formally invite our new reinsurance brokerage coworkers to the Gallagher household of professionals,” J. Patrick Gallagher, Jr., Chairman, President and CEO said. “Together, we will build upon our shared focus of impressive service, know-how and client-centric culture. I am confident the mix will provide tremendous worth to our clients, our international brokerage and threat management teams, and our shareholders.”
New Gallagher Re CEO Kent included, “This combination marks a brand-new chapter for two amazing reinsurance broking groups as well as for our valued and exceptionally supportive clients and stakeholders. We are uniting extremely complementary and well-respected reinsurance organizations to produce a genuinely compelling merged reinsurance platform. I am extremely happy to be leading Gallagher Re into its next stage of development.”
With this move, Gallagher Re has actually gotten significant depth of knowledge across the reinsurance market, covering analytics abilities consisting of catastrophe modeling, dynamic monetary analysis, rating firm analysis and capital modeling, as well as widening its particular capability deployment operations to consist of insurance-linked securities as well.
As we explained before, the acquisition of Willis Re likewise included the acquisition of the Willis Re Securities system, which structures and handles catastrophe bond arrangements, and likewise facilitates other collateralised reinsurance and ILS deals, together with capital market activity around capital raising and M&A.
The brand-new ILS focused system will be rebranded to be called Gallagher Re Securities, were told, and this is a considerable addition to Gallaghers capabilities and also dovetails well with its expertise in the Horseshoe and Artex insurance management and assistance services.
Gallagher Re is now a significant reinsurance market gamer, with greater impact across the transactional and positioning parts of the insurance-linked securities (ILS) market.
Its going to be interesting to see how the integration goes and how AJG can identify synergies between its units and its considerably bigger reinsurance broking arm going forwards.

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