Current CEO, John Thompson, will take up a new role as head of business development for the specialty division.
As part of the internal leadership changes, Tom Downey will also be promoted to the position of CEO for specialist insurance businesses Pen Underwriting, having been chief underwriting officer (CUO) for the division since 2017.
The firm said the changes within the UK business follow another year of “outstanding” financial performance for Gallagher’s UK division, which now makes up a significant part of the global broking group.
Simon Matson, CEO of Gallagher’s broking and underwriting business in the UK, said: “Our specialty division has undergone considerable growth in the past 12 months and is now almost unrecognisable having doubled in size over the last five years and firmly establishing itself as a leading London Specialty Broker.
“Having a dedicated head of business development, particularly one with John’s broking experience, wholesale expertise and passion for growth, will ensure we take full advantage of the many opportunities our enlarged presence and portfolio gives us.”
“Jonathan is an exceptional leader, as he has demonstrated during his three years as CEO of Pen, making him the natural choice to become the new CEO of our Specialty division and to lead the 950-strong team through the next phase of our growth strategy.”