Gallagher Re appoints global credit and political risk leader

Global reinsurance broker Gallagher Re has welcomed Jonathan Allard (pictured above) as the managing director and head of its newly established global credit and political risk team, based in London.

In this global role, Allard will amalgamate the specialist teams from the London market and internationally, overseeing and advancing Gallagher Re’s global product offering in the domains of credit and political risk. This initiative aims to grant clients access to both treaty and facultative solutions. He will also collaborate with Jim Latorre, who leads the distinct North American surety team, to broaden the reach of the surety sector worldwide.

With vast experience in the reinsurance market, Allard has been a specialist in credit, surety, and political risk from the onset of his broking career. He arrives from Renaissance Re, where he served as vice president of underwriting, overseeing the management and underwriting of credit, surety, and political risk reinsurance, along with structured credit portfolio accounts on European and Lloyd’s balance sheets. Prior to this role, Jonathan spent a decade broking credit, surety, and political risk at Willis Re.

“The creation of a new global leadership role in such a specialised line of business is testament to our continued focus on harnessing the power of Gallagher Re for the benefit of clients, wherever they are in the world. Jonathan’s breadth of experience combining both broker and reinsurer perspectives equips him brilliantly to lead our global product proposition in this area of ever-changing risk,” Gallagher Re international CEO Tony Melia said.

Concurrently with this announcement, Mark Jenkins has also taken up the position of chairman of the global credit and political risk team.

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