Gallagher has announced a number of senior appointments to its facultative (fac) reinsurance team, including the hire of Ardonagh’s Claire Burrell as Chief Operating Officer (COO).
According to the announcement, the expansion is part of Gallagher’s growth plans for its global fac team, which includes establishing new hubs in Singapore and Sydney over the coming months, and expanding its existing teams in London, New York and Dubai.
Taking over her new role in April, Burrell will be responsible for all operational aspects of the global fac division during the company’s growth period, and will report to Malcolm Payton, Head of Global Fac for Gallagher.
She is joining Gallagher from The Ardonagh Group, where she has worked for five years, most recently as COO. Burrell has previously held senior positions at ERS, First Central Law and First Central Insurance Management.
Also joining Gallagher’s fac reinsurance team is Alex Groves, who has been appointed Executive Director. He will report to Ian Baker, Executive Director and Head of UK Fac Operations and will focus on supporting the USA, Puerto Rican & Canadian broking team.
Groves brings three decades of reinsurance experience to his new role and joins from Guy Carpenter having previously held roles at WTW, Decus and Marsh.
Trevor Noad has been appointed Broking Director and will be supporting clients based in the USA & Canada. He joins from Howden having previously worked at TBH Group.
In his new role, Noad will be reporting to Helen Pound, Executive Director and Head of Fac Property USA, Puerto Rico & Canada.
Other senior appointments include Mark Sherwin, who was named Executive Director and Head of Fac Property UK & Ireland. He joins from Miller having previously worked at Guy Carpenter.
As well as Emily Stanford, who was appointed Executive Director and will be supporting global clients, facilities and consortiums. She joins from Ardonagh Specialty having previously held positions at Guy Carpenter, Lonmar and Alexander Forbes.
Both Sherwin and Stanford will report to Paul Butcher, Managing Director and Head of UK Property Fac.
Malcolm Payton, Head of Global Fac for Gallagher, commented: “The reinsurance landscape has changed and with unpredictable rates and solvency regulation requiring greater capital retention, insurers are rethinking what and how they insure. As they seek greater flexibility and control, fac is an increasingly attractive option for clients.
“Establishing global hubs will ensure we deliver a comprehensive, coordinated service to clients. It will give additional consistency in processes and sales across all classes, help us broaden our client base, and introduce portfolio diversity and resilience in collaboration with international customers and markets.
“These new appointments build on our existing team and I am confident the level of expertise we have at Gallagher is second to none. These appointments speak directly to our strategy of employing and retaining talented people to support our clients.”
