Arthur J. Gallagher’s Reinsurance broking team (AJG Re) has transferred to become a partnership within the Capsicum Re. All current and future treaty reinsurance business handled by Arthur J. Gallagher will now be conducted by Capsicum Re, via the new partnership between these two entities.
The team of 14 will continue to be led by Matt FitzGerald. FitzGerald and his team moved to AJG in 2012 from Execution Re, then part of Espirito Santo Investment Bank and specialise in a number of classes of business including property, specialty, marine and energy and casualty.
Matt FitzGerald, MD of AJG Re, commented: “This is an exciting development for our team and allows us to combine the influence and market presence of our US parent, Arthur J. Gallagher, with the dynamic and entrepreneurial vision of Capsicum Re. It has been a seamless transition and we look forward to working with Chily to enhance our reinsurance capabilities and continue to provide our clients with the best possible service in the market.”
Grahame Chilton, CEO of Capsicum Re, commented: “This is a great move forward for Capsicum Re and consolidates our position as Gallagher’s primary treaty reinsurance outlet. Matt and his team have a fantastic book of business and strong relationships with their customers. Their knowledge of both traditional reinsurance and their capital market capabilities explains why they are highly regarded in the industry.”
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