Gallagher veteran Racheal Tumelty has spent almost 15 years with the international brokerage, carving out a successful niche in the space of credit, surety and political risks. Tumelty first tried her hand in the specialist line back in 1995, when she became manager of trade credit and political risks for Zuellig Credit & Financial’s Western Australia arm. She later moved into a similar role at Aon before joining Gallagher in 2004 as general manager of trade, political and surety risks.
Stepping into her current role as Gallagher’s national head of credit, surety and political risks in early 2018, Tumelty was quickly recognised for her expertise, claiming the Specialist Broker of the Year Award at the 2018 Insurance Business Awards.
Now, with political instability fast becoming the norm among the major powers of the world, Tumelty finds herself in a demanding space that will likely see increased attention over the coming year.
“Sudden changes, driven by political factors in foreign jurisdictions, have the ability to cause severe disruption and uncertainty for multinational businesses involved in cross-border investments,” she says. “That’s why it pays to look to the horizon and craft a risk mitigation and insurance program that enables lenders and investors to forge ahead with confidence wherever opportunity presents itself.”
