Global insurance broker Gallagher has announced a number of changes within its Public Sector & Education (PS&E) leadership team in order to best meet shifting client demand.
Gallagher has revealed that Peter Mason, Executive Director of PS&E, will take on the additional responsibilities of leading a major new strategic initiative designed to develop a range of risk financing solutions that best match the risk appetite of clients.
Mason will be tasked with exploring options from both conventional and emerging insurance markets in order to complement the traditional programme structure that many clients value. Gallagher states that this will promote a more collaborative approach to risk financing in the space, which in turn will produce greater efficiency savings for the sector while maintaining coverage levels.
The firm has also announced the promotion of Mark Sangster to Executive Director, PS&E (North), which reflects his success as Client Director based in Manchester. He brings two decades of insurance industry experience to the role and has worked for Gallagher for the last 16 years.
Furthermore, Guy Stonier has joined the PS&E team as a Client Director, having previously served as Deputy Head of Office in the firm’s Sheffield branch.
Tim Devine, Managing Director of UK Public Sector & Education, said: “With the continued pressure on public sector funding, greater risk retention by clients and the emergence of a number of mutual risk-pooling facilities backed by central government, significant change is being driven through the public sector and education market.
“Peter’s new role will see him lead the development of new and innovative solutions that deliver greater efficiency through collaboration and best meet the shifting needs of our clients. His strong leadership credentials, project management expertise, risk financing experience and procurement knowledge, mean he is ideally placed to spearhead this separate but critical work stream.
“We’re also delighted to appoint Mark to the role of Executive Director and welcome him to the PS&E leadership team, demonstrating our desire to always promote from our internal pool of talent where possible.”
Commenting on the appointment of Stonier, Sangster said: “Our growth strategy within PS&E has always been to ensure the widest possible geographic coverage for clients, supporting them as a global broker through local service. Guy’s promotion to Client Director in the North reinforces that strategy.
“His knowledge of commercial businesses will also be a great asset to the team due to the commercialisation agenda within most public-funded bodies, driven by increased pressure on funding over recent years. We are delighted he has chosen to join our specialist team.”