Gallagher Re has opportunity to accelerate ILS sales: James Kent & Pat Gallagher

Gallagher Re has opportunity to accelerate ILS sales: James Kent & Pat Gallagher

With the completion of its acquisition of the treaty reinsurance company of Willis Towers Watson, Arthur J. Gallagher and its reinsurance unit Gallagher Re has an opportunity to accelerate sales of insurance-linked securities (ILS), its senior executives informed Artemis.Speaking in an interview with Artemis simply after the acquisition of Willis Re was revealed, brand-new Global CEO of Gallagher Re James Kent and AJG CEO Pat Gallagher, discussed that the insurance-linked securities (ILS) company offering of Willis Re Securities is a crucial location of chance.
As weve discussed before, Gallagher already has specific ILS, catastrophe bond and collateralized reinsurance competence in its broking teams and its insurance coverage management unit Artex, which naturally owns ILS leading facilitator Horseshoe.
That suggests the AJG group has actually currently been quite active in ILS, but now with the assumption of the Willis Re Securities team and its proficiency in structuring and selling ILS and disaster bond securities, as well as capital raising, the business now has a holistic ILS market offering.
” We were a huge ILS gamer prior to this, not in the security side, however the two wed up very, very nicely,” AJG CEO Pat Gallagher informed us.
Gallagher Res brand-new Global CEO, James Kent, broadened on this, “Like every company within the legacy Willis Re service, were really proud of the offering and the group that exists, and the ILS group is absolutely part of that. I believe the secret, and it truly returns to combination, is how do we best integrate that within the totality of the Gallagher company, and specifically Gallagher Re, to best serve our customers and make it most efficient for our customers, in regards to brand-new sales.
” So, Gallagher had some investments in organizations that have an ILS association. The point about the Willis Re group, it will be securely ingrained within the combined reinsurance businesses and I think theres a real opportunity for us to speed up sales.
” Like all over else, we will be looking for to make financial investments in that company in skill to support what we have today and speed up forward for tomorrow.”
Gallagher Re now has an exciting opportunity to evolve its reinsurance broking and ILS management offerings, to now include the ability to structure and offer securities issuances.
If that can be become a fully-integrated offering, it will benefit the group and provide synergistic opportunities to bring ILS capital more closely to its reinsurance clients, in addition to embed ILS risk transfer within its broader insurance coverage and reinsurance market product-set.

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