Gallagher appoints MD of newly combined Property Casualty & Special Risks business

Malcolm Payton has joined the London-based Specialty division of global insurance broker Gallagher as managing director of its newly combined Property Casualty & Special Risks business, with immediate effect. Payton will report to John Thompson, CEO of Gallagher Specialty, and become part of his executive committee.

Since 2015, Payton has been a managing partner of Gallagher subsidiary Capsicum Re — which is now 100 percent owned by Gallagher — having joined the reinsurance specialist to run its facultative reinsurance division. He brings over 30 years of direct and facultative experience and, prior to Capsicum Re, he was the head of property and energy for Guy Carpenter Facultative UK, having previously overseen its international property division. He has also held senior leadership positions with JLT Re and Aon.

John Thompson said: “The impressive breadth and depth of Malcolm’s direct and facultative experience, combined with his track record in leadership, will further strengthen our current capabilities in these areas and generate new opportunities for future growth and development. Malcolm will be a fantastic addition to our senior leadership team and I’m looking forward to working closely with him to deliver on our strategic growth plans.”

Malcolm Payton added: “Having worked in partnership with the Gallagher business for the past five years from within its reinsurance arm, this is an exciting opportunity that combines both the familiar and the new. The one-off, tailored and non-standard nature of facultative reinsurance has a natural affinity with the specialty solutions of the primary broking world and I’m really looking forward to working with the team to further develop Gallagher’s bespoke client capabilities and offerings.”