13 October 2014 News

AJG’s reinsurance broking team transfers to Capsicum Re

Arthur J. Gallagher’s (AJG) reinsurance broking team has transferred to specialist reinsurance broker Capsicum Re as part of a new partnership.

All current and future treaty reinsurance business handled by AJG will now be conducted by Capsicum Re.

The entire AJG Re team, led by Matt FitzGerald and consisting of 14 people, has joined Capsicum Re. 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 & energy and casualty.

FitzGerald said: “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, chief executive officer of Capsicum Re, said: “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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