The brand new enterprise will primarily provide insurance coverage options to industrial prospects in addition to wholesale fac insurance coverage to different brokers.
It’s being headed by two leaders, Takuya Aibe and Tetsuro Nakazawa, each have joined the brand new enterprise from Marsh.
Aibe is the CEO of the brand new enterprise’ retail operations, whereas Nakazawa has assumed the place of CEO of the wholesale and fac insurance coverage unit, which is able to ship insurance coverage providers to different Japanese brokers.
A part of Gallagher’s North Asia operations run by regional CEO Thomas Wang, the brand new brokerage will make use of a group of round 15 folks on the agency’s Japan-based headquarters in Tokyo.
The group will present its shoppers within the property & casualty, marine, monetary traces, vitality, building and aviation sectors with data on threat administration and numerous insurance coverage instruments.
It’ll additionally ship worker advantages providers and merchandise.
In addition to, the brand new brokerage group will complement Gallagher’s present reinsurance group, which can also be primarily based in Tokyo and is led by Tsuyoshi Noguchi.
The brand new group will proceed to function below Gallagher Re international enterprise.
Wang mentioned: “Gallagher has grown in Asia over the previous few years and with various the rising financial international powerhouses primarily based within the area it’s an space of enlargement for us.
“Gallagher’s proposition is all about delivering an excellent service to shoppers which I’m obsessed with, and having a group primarily based instantly in Japan will allow us to make sure that our regional and multinational shoppers will get the perfect in native data and technical insurance coverage experience.”
The newest improvement comes after African Threat Capability (ARC) chosen Gallagher Re as its reinsurance dealer and threat advisor in Africa.