AJG hires Marsh exec for joint MD role
Arthur J Gallagher, the international division of insurance broker Arthur J Gallagher & Co, has appointed Tim Fisher as joint managing director (MD) of its national specialist trade credit and surety practice, which he will lead alongside current MD Martin Holland.
Fisher joins Gallagher from Marsh where he has been head of its trade credit practice, UK & Ireland, for nearly five years — prior to which he held various leadership roles within Marsh’s wider general insurance business. He joined Marsh from Aon Trade Finance in 2005 and previously worked at specialist trade credit insurers Euler Hermes and Coface.
Gallagher said Fisher’s appointment signals its commitment to further expand the team’s capabilities in order to maximise opportunities arising from UK-domiciled companies across its regional network and ensure it can expertly cater for all customers, from smaller UK businesses to multinationals demanding innovative global solutions.
Arthur J Gallagher’s trade credit and surety practice provides nationwide expertise from teams based in Birmingham, Manchester, Swindon and London.
“Attracting and retaining the industry’s best talent is central to our UK strategy as we focus on proposition development and organic growth, and nowhere more so than in our dedicated niche practices,” said Nick Sharp, MD of niche practices, UK retail.
“With its strong growth potential, trade credit is an area where we’re investing heavily in our capabilities and Tim’s technical expertise, extensive experience and proven leadership will further build on the great work Martin Holland has already achieved in establishing trade credit and surety as a Gallagher specialism.”
Holland added: “Tim’s appointment is great news — it will help take trade credit and surety, which is already one of the largest broking practices in the UK, to another level. I look forward to welcoming him on board so we can make the most of the tremendous opportunities this opens up.”
Fisher commented: “The global recession raised the profile of trade credit as an effective risk mitigation tool, one that could protect balance sheets, create trading confidence and facilitate business growth. Now we are seeing a sustained appetite for cover — cover that, with plenty of insurer capacity and affordable premiums, is providing excellent value for customers right across the spectrum.
“I’m really looking forward to working with Martin and the team at Gallagher to both maximise the opportunities created through the company’s extensive network of community brokers, and develop industry-leading customer propositions to accelerate the growth of its national specialist practice.”
