Gallagher Securities, the specialized Insurance-Linked Securities (ILS) and capital markets arm of a leading reinsurance firm, Gallagher Re, has secured approvals from the French Prudential Supervision and Resolution Authority (ACPR) and the Financial Markets Authority (AMF) to establish a new European entity – Gallagher Securities Europe SAS.
A news report from Reinsurance News, an industry-focused online medium, on Thursday indicated that the initiative marked a significant milestone as Gallagher Securities becomes the first major reinsurance broker to establish a dedicated capital markets hub in continental Europe.
According to the management of the firm, the newly approved entity with headquarters in Paris will operate as a subsidiary of Gallagher Re’s existing branch in the French capital, enhancing the company’s global footprint.
Speaking on the business expansion move, Executive Director of Gallagher Re and head of the international team at Gallagher Securities, Alexandre Delacroix, expressed delight about the development.
He said: “The launch of our approved securities entity in France is an exciting and important milestone, making us the first major reinsurance broker with a dedicated capital markets hub in continental Europe.”
Analysts believe that the expansion of Gallagher Securities’ operations into Europe underscores the management’s commitment to maintaining the highest regulatory standards, as evidenced by the approvals from ACPR and AMF.
Also, the move is expected to solidify Gallagher Securities’ position as a trusted global financial partner.
To fully make the expansion of operations succeed, Gallagher Securities has assembled a robust capital markets team in Paris, as it remained poised to grow further in response to increasing demand from clients and investors for alternative capital solutions.
In his remarks, Managing Director of France, Belgium & Luxembourg at Gallagher Re, Thierry Myara, said that “having a licensed securities operation here in Paris alongside our traditional reinsurance broking operation will be a tremendous asset for clients, markets, and other regional partners.”
This is even as Managing Director, EMEA, at Gallagher Re, Dirk Spenner, maintained that the pan-European initiative’s focus on assisting clients in accessing effective risk transfer solutions to support their portfolios and strategic priorities.
He noted that establishing a European hub integrating capital markets capabilities with broader risk management, broking, analytical, and advisory services aligns with Gallagher Re’s commitment to meeting clients’ evolving needs and growth ambitions.
