Gallagher Re has appointed Shreyaa Vohra (pictured) as executive director to lead its facultative reinsurance team in Dubai. The move comes weeks after rival broker Price Forbes hired two senior Gallagher Re facultative executives in the same market. Vohra joins Gallagher Re from Price Forbes.
Vohra will be based at the Dubai International Financial Centre (DIFC) and brings more than 14 years of experience spanning London and the Middle East. Her background covers both broking and underwriting roles within facultative reinsurance.
The appointment follows Price Forbes’ hiring of Tarek Semaan and Anthony Abi Fadel from Gallagher Re in June. Semaan joined as head of facultative for the Middle East and Africa region, while Fadel joined as director, facultative. Both appointments took effect immediately.
Pablo Munoz, chief executive of global facultative reinsurance at Gallagher Re, said the appointment supports the firm’s plan “to scale Gallagher Re’s facultative capability globally.” He added that Vohra joins as the business looks to strengthen its client offering across the Middle East.
The moves come as Dubai’s facultative market grows fast enough to draw sustained competition for senior talent. The DIFC reported gross written premiums from insurance-related firms of US$3.5 billion in 2024, a 35% rise on the prior year. That scale, and a base of 135 insurance and reinsurance companies, has made Dubai the region’s default hub for complex, individually underwritten risks.
The wider UAE insurance and reinsurance sector was projected to expand by up to 20% in 2025, according to AM Best. That followed a 21% rise in insurance revenue in 2024. That pace outstrips most mature reinsurance markets, which helps explain why brokers are willing to hire away entire facultative teams rather than build them.
That growth has not stopped rates from softening. Gallagher Re’s January 2026 renewal report found facultative rate reductions of 35% to 40% across the Middle East, among the steepest declines in a decade. Falling rates squeeze broker margins, which raises the stakes attached to winning market share through senior hires rather than price alone.
Demand for facultative cover is not confined to the Middle East. A WTW survey found that 86% of senior property and casualty executives view facultative reinsurance as key to their risk and capital strategy. A further 68% plan to increase fac purchases over the next two years.
Senior facultative professionals have now moved between Gallagher Re and Price Forbes within the space of a few weeks. The pattern suggests both firms view Dubai’s facultative desk as a priority hire, even as margins tighten for buyers and brokers alike.
