Insurance broker Gallagher has announced the appointment of Tim Wright as a Consultant within its global aerospace practice.
In his new role Wright will be responsible for supporting international space clients with risk management and specialist insurance advice, as well as supporting business development in the sector.
Wright has worked in space insurance for over 30 years representing clients whilst a broker and underwriting space risks of all the major operators, satellite manufacturers and launch vehicle providers.
Wright commented: “The space industry is undergoing rapid growth and change with the advent of new industry players complementing existing major operators with a multitude of new satellite constellations, new and developing launch vehicles and software defined satellites, all of which need innovative and forward-thinking insurance solutions to protect their business operating in space.
“I am delighted to be working with the Gallagher space team with its strong track record in winning new clients and delivering world class risk management and insurance advice. I look forward to supporting the team to continue its growth trajectory.”
Prior to joining Gallagher, Wright was chief underwriting officer for space with Nexus Underwriting which acquired Altitude Risk Partners in 2018, a business which was co-founded by Wright in 2014.
He started his career as a broker with Willis in the late 1980s before joining Johnson and Higgins, prior to the firm being purchased by Marsh in 1997. After a period with Aon, Tim became a space underwriter in 2001 at Global Aerospace Underwriting Managers, where he worked over 13 years until co-founding Altitude Risk Partners.
Commenting on Wright’s appointment, Peter Elson, CEO of Gallagher’s aerospace practice, said: “I’m thrilled that Tim has joined our aerospace practice. He brings a deep wealth of experience, knowledge and expertise in the space sector that will enhance our team and client offering.
“I am looking forward to working with Tim, whose appointment is an example of our continued commitment to providing technical expertise and excellent service to our clients.”