Re/insurance broker Gallagher has added Malcolm Payton to its London-based Specialty division to lead its newly combined Property Casualty & Special Risks business.
Since 2015, Payton has been a Managing Partner at Gallagher subsidiary Capsicum Re, where he has run the company’s facultative reinsurance division.
He will take up his new role with immediate effect, reporting to John Thompson, CEO of Gallagher Specialty, and becoming part of the Executive Committee.
“Malcolm will be a fantastic addition to our senior leadership team and I’m looking forward to working closely with him to deliver on our strategic growth plans,” said Thompson.
Prior to Capsicum Re, Payton was the head of property and energy for Guy Carpenter Facultative UK, and previously oversaw its international property division.
In total, he has more than 30 years of direct and facultative experience, with previous positions including senior leadership roles at JLT Re and Aon.
“The impressive breadth and depth of Malcolm’s direct and facultative experience, combined with his track record in leadership, will further strengthen our current capabilities in these areas and generate new opportunities for future growth and development,” Thompson continued.
Payton also commented: “Having worked in partnership with the Gallagher business for the past five years from within its reinsurance arm, this is an exciting opportunity that combines both the familiar and the new.”
“The one-off, tailored and non-standard nature of facultative reinsurance has a natural affinity with the specialty solutions of the primary broking world and I’m really looking forward to working with the team to further develop Gallagher’s bespoke client capabilities and offerings.”
