Arthur J. Gallagher, the insurance coverage and reinsurance broking specialist, has introduced the acquisition of an funding consultancy with experience assessing managers within the insurance-linked securities (ILS) area, Redington Ltd.
Phrases of the acquisition of London-based Redington Ltd. haven’t been disclosed, however it’s a notable addition for the AJG and Gallagher enterprise entities.
Now, like rivals Aon and MarshMcLennan, AJG may have its personal funding consultancy arm, working with institutional traders largely within the UK.
Redington supplies funding, analysis and expertise providers to pension funds, wealth managers and institutional investor shoppers primarily within the UK, together with recommendation on supervisor choice in area of interest asset lessons, corresponding to insurance-linked securities (ILS).
AJG mentioned that Redington’s Sylvia Pozezanac and her staff will stay of their present location beneath the steering of David Piltz, head of Gallagher’s UK worker advantages and HR consulting operations.
“As a pacesetter within the funding consulting area, Redington brings distinctive expertise and represents a implausible cultural match. Their deep capabilities in modeling and funding market analysis will improve our present consulting providers and assist our shoppers obtain superior monetary safety outcomes,” defined J. Patrick Gallagher, Jr., Chairman and CEO. “I’m excited to welcome Sylvia and her associates to our rising Gallagher household of execs.”
It’s an intriguing addition, as for years rivals Aon and MMC have had consumer touch-points all through the ILS market value-chain, from originating danger, to structuring and promoting the securities, to working with the institutional end-investors and specialist managers by means of their funding consultancy arms, Aon Hewitt and Mercer.
Now, AJG has an funding consultancy that has a track-record in serving to UK pension funds entry ILS funding supervisor providers, which is a probably useful addition for the agency, as beneath Gallagher Re and Gallagher Securities it already has origination, structuring and funding banking experience for ILS.
