10 June 2022Insurance

Gallagher plucks Aon offshore energy guru in renewables team build-out

Insurance brokerage  AJ Gallagher plucked an offshore energy guru from Aon with a hope that a bespoke offshore coverage background will position Gallagher to stay ahead of the curve in a fast-evolving segment.

Mike Parry brings 35 years of industry experience, most recently leading Aon's European energy team as the peak of a 23-year stint. He held senior energy roles at JLT and Marsh serving clients in all sectors of the industry, in particular supporting the development of major offshore installations.

Gallagher has tasked Parry with keeping the brokerage up to date on a fast-evolving offshore wind sector, including new technology deployment and risk financing innovations.

Managing partner in the practice Jonathan Smith commented: “Renewables is an extremely fast-growing area of energy and Gallagher has one of the largest and most experienced teams in the market. The appointment of Mike reinforces our strategy of investing in industry-leading individuals and provide further strength in our team as we welcome new renewable energy clients. We expect to announce further appointments in the near future as we continue to build this team."

Parry added: “The growth of renewables is absolutely critical to the energy industry, particularly in the offshore environment. This means that the insurable risks are ever changing for firms operating in this environment and so we must grow and evolve to support them. Now, more than ever, organisations require realistic and tailor-made approaches to risk management, finance and transfer, so therefore they need to work with committed specialists who can support them to navigate the risk-taking landscape."

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