Ep.6 The Capsicum-Gallagher deal with Rupert Swallow and Simon Matson

Wednesday Jan 22, 2020

Following Gallagher’s deal to buy out 100% ownership of Capsicum Re – the reinsurance broker it founded as a joint venture with former Benfield boss Graeme Chilton and colleagues back in 2013 – The Voice of Insurance caught up with Capsicum Re CEO Rupert Swallow and Simon Matson, the CEO of Gallagher’s UK Broking & Underwriting division.

What were Gallagher’s plans now that it had finally broken successfully into reinsurance after decades of trying?

What would Capsicum do with major human and financial resources at its disposal?

Would it stay specialist or have a go at the big three brokers? What would happen to the Capsicum name?

With new owner Gallagher such an accomplished serial acquirer, was more dealmaking a likelihood?

How would the executives keep the Capsicum founding entrepreneurs motivated after the deal?

Tune in for the answers.

This was a relaxed and friendly discussion.

As you’d imagine there’s plenty of talk about what the plans are for Gallagher’s new reinsurance intermediary but there are a lot of other market insights blended in…