Global reinsurance broker Gallagher Re has appointed Jonathan Allard as Managing Director and Head of its newly created Global Credit & Political Risk team, based in London.
According to the broker, Allard will bring together the experienced, specialist London market and international teams and be responsible for leading and developing the company’s global product offering across credit and political risk, enabling clients to access both treaty and facultative solutions.
At the same time, Allard will also partner with Jim Latorre who leads the North American Surety team to develop the surety arena across the globe.
Overall, Allard brings a vast degree of knowledge and reinsurance market experience towards his new role, having specialised in credit, surety and political risk throughout his career.
He joins Gallagher Re from Renaissance Re (RenRe) where he previously served as Vice President of Underwriting. In the role, he was responsible for the management and underwriting of credit, surety and political risk reinsurance, as well as structured credit portfolio accounts on European and Lloyd’s balance sheets.
Prior to RenRe, he spent a decade working within broking credit, surety and political risk at Willis Re.
Moreover, Gallagher Re also confirmed that Mark Jenkins simultaneously assumes the position of Chairman of the Global Credit & Political Risk team.
Tony Melia, CEO of International at Gallagher Re, commented: “The creation of a new global leadership role in such a specialised line of business is testament to our continued focus on harnessing the power of Gallagher Re for the benefit of clients, wherever they are in the world. Jonathan’s breadth of experience combining both broker and reinsurer perspectives equips him brilliantly to lead our global product proposition in this area of everchanging risk.”
Addressing his appointment, Allard said: “Recent geopolitical events and macro-economic conditions have driven demand and need for dynamic reinsurance solutions from both the public and private sectors. This is an exciting opportunity to join a global reinsurance broker whose focus is firmly on delivering exceptional client value and growing a sustainable market, and I’m looking forward to working with my many colleagues around the world to deliver just that.”
