Gallagher, a global insurance brokerage, risk management, and consulting firm, has appointed Alex Vullo and Mark Hubbard as Chief Executive Officers (CEOs) of Marine and Fine Art & Specie, and Property & Special Risks, respectively.
Both appointments are within the broker’s Specialty division and will report to Sarah Lyons, CEO of Gallagher’s Specialty division.
Vullo succeeds Jonathan Suckling, who will transition as Chairman from January 2027.
In his new role, Vullo will lead 150 colleagues of the broker’s fine art & specie practice, which provides specialised insurance and risk management solutions for high-value assets.
The team operates globally and is embedded in the London market, with clients including museums, galleries, private collectors, and bullion dealers. Vullo joined Gallagher in 2005 as a marine broker and has led its P&I specialism for the last three years.
Hubbard steps into his new role permanently after having served as CEO of Property & Special Risks on an interim basis since the start of 2026. He joined Gallagher in 2000 and has deep industry experience with responsibility for the firm’s specialty property and special risks operations in London and Bermuda.
Gallagher’s property offers insurance and risk management solutions for complex risks around the world across Lloyd’s, London companies and the broader international insurance carrier marketplace. Gallagher’s special risks offering provides difficult-to-place solutions for clients in the accident & health, contingency, livestock & aquaculture sectors.
Lyons commented on the appointments, “To make these two leadership appointments from within our existing team speaks volume about the talent we have at Gallagher. Mark has done a great job leading our property & special risks teams since the start of this year, and he has a strong understanding of our business, the risks facing clients, and the property market globally.
“Likewise, Alex has built much of his career at Gallagher and brings a clear vision for the next phase of growth for marine, fine art & specie, supported by a strong team, and he will continue to build on the fantastic platform Jonathan has created.
“I want to thank Jonathan for his amazing leadership over nearly 25 years, from when our marine team was in its early days. Over the past two decades, he has built this practice into one of the industry’s most respected and his vision, leadership and relentless focus on clients have been instrumental in shaping the business we have today. I look forward to continuing to work with him in his new chairman role.”
