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 unit Gallagher Re has a chance 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 revealed, 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 opportunity.
As weve explained before, Gallagher already has particular ILS, disaster bond and collateralized reinsurance competence in its broking teams and its insurance coverage management system Artex, which naturally owns ILS leading facilitator Horseshoe.
That suggests the AJG group has actually currently 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 disaster bond securities, along with capital raising, the company now has a holistic ILS market offering.
” We were a big ILS gamer prior to this, not in the security side, but the 2 marry up very, very well,” AJG CEO Pat Gallagher told us.
Gallagher Res new Global CEO, James Kent, expanded on this, “Like every company within the tradition Willis Re company, were extremely pleased with the offering and the group that exists, and the ILS team is definitely part of that. I believe the secret, and it really comes back to combination, is how do we finest incorporate that within the totality of the Gallagher company, and particularly Gallagher Re, to best serve our customers and make it most reliable for our customers, in regards to new sales.
” So, Gallagher had some financial investments in services that have an ILS association. However the point about the Willis Re group, it will be securely embedded within the combined reinsurance services and I think theres a genuine opportunity for us to accelerate sales.
” Like all over else, we will be seeking to make financial investments because service in talent to support what we have today and accelerate forward for tomorrow.”
Gallagher Re now has an amazing chance to develop its reinsurance broking and ILS management offerings, to now include the capability to structure and offer securities issuances.
If that can be established into a fully-integrated offering, it will benefit the group and provide synergistic opportunities to bring ILS capital more closely to its reinsurance customers, as well as embed ILS danger transfer within its wider insurance coverage and reinsurance market product-set.

Leave a Reply

Your email address will not be published.

error: Content is protected !!