13 Oct

Capsicum Re, the specialist reinsurance broker, is pleased to announce that Arthur J. Gallagher’s Reinsurance broking team (AJG Re), led by Matt FitzGerald, has transferred to become a partnership within the Capsicum Re Group, effective immediately. All current and future treaty reinsurance business handled by Arthur J. Gallagher will now be conducted by Capsicum Re, via the new partnership between these two entities.

The entire AJG Re team, which consists of 14 people, has joined Capsicum Re and will continue to be led by Matt FitzGerald. Matt and his team moved to AJG in 2012 from Execution Re, then part of Capsicum Espirito Santo Investment Bank and specialise in a number of classes of business including property, specialty, marine & energy and casualty.

Matt FitzGerald, Managing Director of AJG Re, commented: “This is an exciting development for our team and allows us to combine the influence and market  presence of our US parent, Arthur J. Gallagher, with the dynamic and entrepreneurial vision of Capsicum Re. It has been a seamless transition and we look forward to working with Chily to enhance our reinsurance capabilities and continue to provide our clients with the best possible service in the market.”

Grahame Chilton, CEO of Capsicum Re, commented: “This is a great move forward for Capsicum Re and consolidates our position as Gallagher’s primary treaty reinsurance outlet. Matt and his team have a fantastic book of business and strong relationships with their customers. Their knowledge of both traditional reinsurance and their capital market capabilities explains why they are highly regarded in the industry.”