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 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 informed Artemis.Speaking in an interview with Artemis simply after the acquisition of Willis Re was revealed, new Global CEO of Gallagher Re James Kent and AJG CEO Pat Gallagher, described that the insurance-linked securities (ILS) service offering of Willis Re Securities is a crucial area of chance.
As weve described before, Gallagher currently has particular ILS, disaster bond and collateralized reinsurance expertise in its broking groups and its insurance management system Artex, which of course owns ILS leading facilitator Horseshoe.
That suggests the AJG group has actually already been quite active in ILS, now with the presumption of the Willis Re Securities team and its competence in structuring and selling ILS and disaster bond securities, in addition to capital raising, the company now has a holistic ILS market offering.
” We were a big ILS player prior to this, not in the security side, but the 2 wed up really, really well,” AJG CEO Pat Gallagher told us.
Gallagher Res new Global CEO, James Kent, expanded on this, “Like every business within the tradition Willis Re service, were extremely happy with the offering and the group that exists, and the ILS team is definitely part of that. I think the key, and it truly returns to integration, is how do we finest integrate that within the entirety of the Gallagher company, and particularly Gallagher Re, to finest serve our clients and make it most reliable for our customers, in terms of brand-new sales.
” So, Gallagher had some investments in companies that have an ILS association. The point about the Willis Re group, it will be securely ingrained within the combined reinsurance services and I believe theres a real chance for us to accelerate sales.
” Like all over else, we will be seeking to make financial investments because business in talent to support what we have today and speed up forward for tomorrow.”
Gallagher Re now has an exciting 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 become a fully-integrated offering, it will benefit the group and supply synergistic opportunities to bring ILS capital more closely to its reinsurance clients, in addition to embed ILS danger transfer within its more comprehensive insurance coverage and reinsurance market product-set.

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