Gallagher has announced that Tom Wakefield, the former COO for global re marine, specialty and composite at Aon, will join the group as CEO of its reinsurance business.
Wakefield will take over the role from current CEO Simon Behagg who will transition to the new role of managing director of Gallagher Re.
As CEO of Gallagher Re, he will now be responsible for leading the “ongoing expansion of Gallagher’s reinsurance operations” and will work closely with Behagg and the wider senior management team to continue to drive the business’ ambitious growth agenda.
Wakefield will join Gallagher’s UK executive team reporting to CEO, Simon Matson.
Simon Matson, CEO of Gallagher’s broking and underwriting businesses in Europe, Middle East and Asia, said: “We are delighted to now have Tom step into the role of CEO at a time when Gallagher Re is set to embark on the most exciting chapter yet in the business’ remarkable growth story.
“However, while the Willis Re transaction progresses through the required regulatory processes, our focus remains on driving forward our existing Gallagher Re business strategy with Tom at the helm.”