Gallagher Securities launches European entity, as broker targets ILS expansion

Targeting an expansion of its insurance-linked securities (ILS) and alternative reinsurance capital activities, reinsurance broker Gallagher Re has announced the launch of a Paris based entity named Gallagher Securities Europe SAS, to grow activities in the region.

Gallagher Securities is the capital markets and insurance-linked securities (ILS) arm of Gallagher Re, providing structuring, arrangement and broker-dealer services such as bookrunning, for ILS and catastrophe bonds, among other instruments.

The company said that Gallagher Securities is “committed to strengthening its international presence, in line with the sustained and steady growth of alternative capital in the reinsurance market.”

Gallagher Securities has received approval from the French Prudential Supervision and Resolution Authority (ACPR) and the Financial Markets Authority (AMF) to create this new European entity, Gallagher Securities Europe SAS.

It is a subsidiary of Gallagher Re’s branch in Paris, Gallagher Re France SAS, and the broking group says the ACPR and AMF approvals underscore its commitment to upholding the highest regulatory standards.

“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,” explained Alexandre Delacroix, Gallagher Re Executive Director and leader of the international team at Gallagher Securities, who will lead Gallagher Securities Europe. “In preparation, we have built a strong capital markets team in Paris, which will grow further as both client demand and investor appetite for alternative capital solutions increases.”

Thierry Myara, Managing Director of France, Belgium & Luxembourg at Gallagher Re, added, “We are pleased to have successfully responded to all of the conditions requested by the regulator and are eager to assist our clients in the Eurozone. 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 as we work together to deliver best-in-class solutions.”

Dirk Spenner, Managing Director, EMEA, at Gallagher Re, also said, “This is a fantastic pan-European initiative, focused on helping clients access the most effective risk transfer solutions to support their portfolios and strategic priorities. Establishing a European hub that brings together our capital markets transaction capabilities in tandem with wider risk management, broking, analytical and advisory services will harness the full power and expertise of Gallagher Re to best meet clients’ evolving needs and deliver on their growth ambitions.”