James Kent, the worldwide chief govt of reinsurance dealer Gallagher Re, has been promoted to CEO of world 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 function,” said Kent in an emailed launch. “Probably the most gratifying facet has been the prospect to symbolize our key stakeholders – our shoppers, markets, and colleagues – who’ve remained fastidiously supportive of our enterprise.
“This new function 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 present leads Gallagher Re within the UK. He might be appointed following the mandatory transition interval.
Commenting on the change, Gallagher’s CEO for world brokerage Tom Gallagher mentioned: “James has achieved an impressive job main and integrating Willis Re into Gallagher, which has Gallagher Re primed for continued progress and innovation.
“The newly shaped world function will convey a single level of contact to Gallagher’s service 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 stay up for working much more intently 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 area.
“Our purpose to be the main reinsurance middleman is now stronger than ever, as it’s evident that our service companions are confronted with more and more sophisticated challenges throughout your complete danger to capital spectrum and so they want us to assist them clear up these challenges,” he declared. “By doing this, we are going to guarantee an efficient and aggressive marketplace for our shoppers.”
It’s not clear when the modifications inside Gallagher will take impact.