Malcolm Payton, who has been a managing partner of Gallagher subsidiary Capsicum Re since 2015, is taking on a new role at the parent firm.
Gallagher’s newly combined property casualty & special risks business will be led by Payton in his capacity as managing director effective immediately. Joining the company’s specialty division in London, the industry veteran will report to Gallagher specialty chief executive John Thompson.
“Having worked in partnership with the Gallagher business for the past five years from within its reinsurance arm, this is an exciting opportunity that combines both the familiar and the new,” noted Payton, whose more than three decades of experience includes time spent at Guy Carpenter, JLT Re, and Aon.
“The one-off, tailored and non-standard nature of facultative reinsurance has a natural affinity with the specialty solutions of the primary broking world, and I’m really looking forward to working with the team to further develop Gallagher’s bespoke client capabilities and offerings.”
Commenting on the appointment, Thompson said: “The impressive breadth and depth of Malcolm’s direct and facultative experience, combined with his track record in leadership, will further strengthen our current capabilities in these areas and generate new opportunities for future growth and development.
“Malcolm will be a fantastic addition to our senior leadership team, and I’m looking forward to working closely with him to deliver on our strategic growth plans.”