Gallagher Securities, the specialised Insurance-Linked Securities (ILS) and capital markets arm of reinsurance giant Gallagher Re, has secured approvals from the French Prudential Supervision and Resolution Authority (ACPR) and the Financial Markets Authority (AMF) to establish a new European entity – Gallagher Securities Europe SAS.
This move marks a significant milestone as Gallagher Securities becomes the first major reinsurance broker to establish a dedicated capital markets hub in continental Europe.
The newly approved entity, headquartered in Paris, will operate as a subsidiary of Gallagher Re’s existing branch in the French capital, enhancing the company’s global footprint.
Alexandre Delacroix, Executive Director of Gallagher Re and head of the international team at Gallagher Securities, expressed enthusiasm about the development: “The launch of our approved securities entity in France is an exciting and important milestone, making us the first major reinsurance broker with a dedicated capital markets hub in continental Europe.”
The establishment of Gallagher Securities Europe underscores the company’s commitment to maintaining the highest regulatory standards, as evidenced by the approvals from ACPR and AMF.
The move is expected to solidify Gallagher Securities’ position as a trusted global financial partner.
In preparation for this expansion, Gallagher Securities has assembled a robust capital markets team in Paris, poised to grow further in response to increasing demand from clients and investors for alternative capital solutions.
Thierry Myara, Managing Director of France, Belgium & Luxembourg at Gallagher Re, stated, “Having a licensed securities operation here in Paris alongside our traditional reinsurance broking operation will be a tremendous asset for clients, markets, and other regional partners.”
Dirk Spenner, Managing Director, EMEA, at Gallagher Re, emphasised the pan-European initiative’s focus on assisting clients in accessing effective risk transfer solutions to support their portfolios and strategic priorities.
He noted that establishing a European hub integrating capital markets capabilities with broader risk management, broking, analytical, and advisory services aligns with Gallagher Re’s commitment to meeting clients’ evolving needs and growth ambitions.
