James Kent, the worldwide chief govt of reinsurance dealer Gallagher Re, has been promoted to CEO of worldwide insurance coverage strategic relationships at Gallagher.
“Main our reinsurance enterprise for the final six years has been an honor, and it’ll proceed to be so till I step into the brand new position,” acknowledged Kent in an emailed launch. “Probably the most gratifying facet has been the possibility to symbolize our key stakeholders – our purchasers, markets, and colleagues – who’ve remained fastidiously supportive of our enterprise.
“This new position permits the chance to spend extra time with these stakeholders to convey an built-in platform for future success.”
Succeeding Kent as Gallagher Re’s world boss is Tom Wakefield, who at the moment leads Gallagher Re within the UK. He shall be appointed following the required transition interval.
Commenting on the change, Gallagher’s CEO for world brokerage Tom Gallagher stated: “James has completed an impressive job main and integrating Willis Re into Gallagher, which has Gallagher Re primed for continued progress and innovation.
“The newly shaped world position will convey a single level of contact to Gallagher’s provider relationships, to assist progress ambitions throughout our core buying and selling partnerships. I’m delighted that James has agreed to drive this initiative ahead throughout our group and sit up for working much more carefully collectively.”
In the meantime, Gallagher chair, president, and chief govt Pat Gallagher highlighted that buying Willis Re has accelerated Gallagher’s ambition within the reinsurance house.
“Our aim to be the main reinsurance middleman is now stronger than ever, as it’s evident that our provider companions are confronted with more and more difficult challenges throughout your entire danger to capital spectrum they usually want us to assist them resolve these challenges,” he declared. “By doing this, we are going to guarantee an efficient and aggressive marketplace for our purchasers.”
It’s not clear when the adjustments inside Gallagher will take impact.