Arthur J. Gallagher & Co. has appointed Ian Picton (pictured) to the newly created role of head of energy transition, a position designed to support clients involved in the transition to low-carbon and renewable energy solutions.
Picton will work with Gallagher’s climate solutions division, led by James Bosley, within its London-based specialty operations. His role will also involve collaboration with Gallagher’s captive solutions specialists.
With over 18 years of experience in energy insurance, Picton joined Gallagher in 2020. His career began at Willis as an energy broker in 2007, before moving to Marsh in 2012. Picton then spent five years as an energy underwriter in Singapore with XL Catlin and Argenta.
In his new role, he will provide risk management and insurance advice to clients in the energy transition sector. He will report to Matt Byatt, managing partner, and will work within Gallagher’s energy practice, which includes a team of 100 energy risk professionals.
Byatt stated that Picton’s appointment is part of the firm’s efforts to enhance its offerings for clients moving toward cleaner energy. The new role will also strengthen collaboration with Gallagher’s existing climate solutions teams.
Picton noted that clients with interests outside traditional energy sectors require a specialised approach to risk management, emphasising the importance of tailored advice throughout the various stages of energy transition projects.
Gallagher recently reported strong growth in its financial results for the first quarter of 2025, with a 14% year-over-year increase in combined revenue from its core brokerage and risk management segments.
Organic revenue grew by 9%, while the company’s net earnings margin increased by 175 basis points to 23%. The adjusted EBTIDAC margin climbed 338 basis points to 41.1%.
J. Patrick Gallagher Jr., chairman and CEO, described the first quarter performance as “fantastic,” highlighting the growth in both the brokerage and risk management divisions. Gallagher also completed 11 mergers during the quarter, contributing an estimated US$100 million in annualised revenue.
