Gallagher Re brings legacy expert to build structured solutions practice
Specialist reinsurance broker Gallagher Re has hired global legacy specialist Andrew Rothseid to build out its structured solutions practice.
Rothseid has been appointed to the newly created role of partner and head of legacy, reporting into Matt FitzGerald, managing partner of specialty at Gallagher Re.
Rothseid has over 25 years’ experience in the global insurance and reinsurance industries, having worked exclusively in the global legacy market and been at the forefront of US regulatory developments for legacy business.
For the last 13 years, Rothseid has been principal and owner of RunOff Re.Solve – a specialist provider of turnaround, restructuring, and advisory services where he has worked on behalf of global insurers and reinsurers, corporate owners of captive insurers, regulators, liquidators and institutional investors.
He has also served as general counsel of US and Bermudian property and casualty run-off insurers and reinsurers; managing director of a London market insurer and reinsurer; and partner with global consultancy PwC responsible for its US insurance restructuring practice.
Matt FitzGerald, managing partner of specialty at Gallagher Re, said: “We couldn’t be happier that Andrew has chosen to join Gallagher Re, where his vast experience in global legacy business, run-off advisory and resolution will be of significant benefit to our clients. His breadth of expertise and pioneering activities in this fast-evolving field will serve as a fantastic complement to our existing structured solutions capabilities, as we strive to create and deliver ever more flexible and innovative solutions to maximise our clients’ capital efficiency.
“Gallagher Re has made no secret of its ambitious appetite for global growth and plans to continue building out our specialist capabilities, and Andrew is a first-rate example of that investment. I’m delighted to welcome him to the team.”
Rothseid commented: “The COVID-19 and post COVID-19 world will see the global insurance industry increase its use of reinsurance and seek out experienced brokers with market-leading expertise. At this pivotal time, Gallagher Re is ideally placed to serve industry needs. I am excited to be joining and look forward to working with Matt, the wider Gallagher Re team, and the broader Gallagher organisation to provide effective, comprehensive solutions for legacy and other non-performing lines of business.”
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