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 conclusion of its acquisition of the treaty reinsurance company of Willis Towers Watson, Arthur J. Gallagher and its reinsurance system Gallagher Re has a chance to speed up sales of insurance-linked securities (ILS), its senior executives informed Artemis.Speaking in an interview with Artemis just after the acquisition of Willis Re was announced, new Global CEO of Gallagher Re James Kent and AJG CEO Pat Gallagher, explained that the insurance-linked securities (ILS) business offering of Willis Re Securities is a key location of chance.
As weve explained before, Gallagher currently has particular ILS, catastrophe bond and collateralized reinsurance knowledge in its broking groups and its insurance management system Artex, which naturally owns ILS leading facilitator Horseshoe.
That implies the AJG group has actually already been rather active in ILS, and now with the assumption of the Willis Re Securities team and its knowledge in structuring and selling ILS and catastrophe bond securities, as well as capital raising, the business now has a holistic ILS market offering.
” We were a big ILS gamer prior to this, not in the security side, but the two marry up very, very well,” AJG CEO Pat Gallagher told us.
Gallagher Res new Global CEO, James Kent, expanded on this, “Like every service within the tradition Willis Re organization, were really pleased with the offering and the group that exists, and the ILS group is definitely part of that. I think the secret, and it really comes back to combination, is how do we finest integrate that within the whole of the Gallagher company, and particularly Gallagher Re, to finest serve our clients and make it most efficient for our customers, in terms of brand-new sales.
” So, Gallagher had some investments in businesses that have an ILS association. The point about the Willis Re team, it will be strongly embedded within the combined reinsurance companies and I believe theres a genuine opportunity for us to speed up sales.
” Like all over else, we will be looking for to make investments in that company in talent to support what we have today and accelerate forward for tomorrow.”
Gallagher Re now has an amazing opportunity to progress its reinsurance broking and ILS management offerings, to now include the capability to structure and offer securities issuances.
If that can be developed into a fully-integrated offering, it will benefit the group and supply synergistic chances to bring ILS capital more closely to its reinsurance customers, in addition to embed ILS risk transfer within its more comprehensive insurance coverage and reinsurance market product-set.

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!