Reinsurance News

Gallagher Re recruits climate resilience leader from World Bank

27th June 2022 - Author: Matt Sheehan

Reinsurance broker Gallagher Re has recruited Antoine Bavandi to lead a newly established Public Sector & Climate Resilience Solutions global practice.

As Global Head of Public Sector, Parametric & Climate Resilience Solutions, he will manage the practice as it looks to advise both public and private sector institutions.

Bavandi most recently served as a senior climate & disaster risk finance specialist at The World Bank, with responsibility for advising governments, insurance and banking sector clients on the financial risk management of climate and catastrophe events.

He has more than 17 years of industry experience, having also held previous roles at ArgoGlobal and Allianz Global Corporate & Specialty as a catastrophe risk portfolio manager and class underwriter.

In his new role, Bavandi will report to Printhan Sothinathan, CEO Global Analytics and Advisory at Gallagher Re, who commented: “The addition of Antoine to our growing and talented team is an exciting strategic development for Gallagher Re. His complementary expertise, client focus and analytical, forward-thinking approach will be a huge asset to our business.”

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“Antoine’s extensive experience in working across both the public and private sector spheres will be invaluable in helping our clients navigate complex challenges, including climate and other systemic risks in an increasingly inter-connected world,” Sothinathan continued.

“Antoine is the ideal person to lead our newly established practice and we are delighted to welcome him into our expanding team.”

Gallagher Re’s new climate resilience practice will aim to help to manage and reduce the financial impact of climate and disaster risks on governments, re/insurers, banks and businesses worldwide.

Its focus will be on promoting financial preparedness, de-risking strategies, and leveraging established and innovative risk management tools, including through weather derivatives and parametric products.

The practice will also provide comprehensive climate resilience and adaptation solutions, working alongside advanced and emerging economies to accelerate the shift towards a more sustainable development.

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