International reinsurance broking and advisory agency Gallagher has bolstered its presence in Asia by introducing a brand new insurance coverage brokerage service in Japan.
The brand new enterprise will primarily supply insurance coverage options to business clients in addition to wholesale fac insurance coverage to different brokers.
It’s being headed by two leaders, Takuya Aibe and Tetsuro Nakazawa, each have joined the brand new enterprise from Marsh.
Aibe is the CEO of the brand new enterprise’ retail operations, whereas Nakazawa has assumed the place of CEO of the wholesale and fac insurance coverage unit, which can ship insurance coverage companies to different Japanese brokers.
A part of Gallagher’s North Asia operations run by regional CEO Thomas Wang, the brand new brokerage will make use of a crew of round 15 individuals on the agency’s Japan-based headquarters in Tokyo.
The crew will present its purchasers within the property & casualty, marine, monetary strains, vitality, development and aviation sectors with data on danger administration and numerous insurance coverage instruments.
It can additionally ship worker advantages companies and merchandise.
Moreover, the brand new brokerage crew will complement Gallagher’s present reinsurance crew, which can be primarily based in Tokyo and is led by Tsuyoshi Noguchi.
The brand new crew will proceed to function beneath Gallagher Re international enterprise.
Wang stated: “Gallagher has grown in Asia over the previous couple of years and with a lot of the rising financial international powerhouses primarily based within the area it’s an space of enlargement for us.
“Gallagher’s proposition is all about delivering an excellent service to purchasers which I’m captivated with, and having a crew primarily based immediately in Japan will allow us to make sure that our regional and multinational purchasers will get the easiest in native information and technical insurance coverage experience.”
The newest growth comes after African Threat Capability (ARC) chosen Gallagher Re as its reinsurance dealer and danger advisor in Africa.