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 organization 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 told 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, described that the insurance-linked securities (ILS) organization offering of Willis Re Securities is a key location of opportunity.
As weve discussed before, Gallagher already has specific ILS, catastrophe bond and collateralized reinsurance competence in its broking groups and its insurance coverage management unit Artex, which of course owns ILS leading facilitator Horseshoe.
That means the AJG group has currently been quite active in ILS, today with the assumption of the Willis Re Securities team and its proficiency in structuring and selling ILS and catastrophe bond securities, as well as capital raising, the company now has a holistic ILS market offering.
” We were a huge ILS player prior to this, not in the security side, however the 2 marry up really, really perfectly,” AJG CEO Pat Gallagher told us.
Gallagher Res brand-new Global CEO, James Kent, expanded on this, “Like every service within the legacy Willis Re organization, were very happy with the offering and the group that exists, and the ILS group is absolutely part of that. I believe the key, and it really returns to combination, is how do we best integrate that within the whole of the Gallagher organization, and particularly Gallagher Re, to finest serve our clients and make it most efficient for our clients, in regards to brand-new sales.
” So, Gallagher had some investments in organizations that have an ILS association. The point about the Willis Re team, it will be securely embedded within the combined reinsurance services and I believe theres a genuine chance for us to accelerate sales.
” Like everywhere else, we will be looking for to make financial investments in that organization in skill to support what we have today and speed up forward for tomorrow.”
Gallagher Re now has an amazing chance to evolve its reinsurance broking and ILS management offerings, to now integrate the ability to structure and offer securities issuances.
If that can be become a fully-integrated offering, it will benefit the group and offer synergistic chances to bring ILS capital more carefully to its reinsurance customers, along with embed ILS threat transfer within its more comprehensive insurance coverage and reinsurance market product-set.

Leave a Reply

Your email address will not be published.

error: Content is protected !!