He will be responsible for creating an embedded insurance solution for clients in North America
Alexander Choniski has joined Gallagher Re in the newly created role of head of Embedded Insurance, in North America, within its alternative distribution vertical.
He will be responsible for creating an embedded insurance solution for clients in North America and will work in partnership across all parts of the global Gallagher organisation.
Choniski joins from his most recent role at Swiss Re, where he built and co-ran the Strategic Partnerships mandate — Swiss Re’s largest insurtech and embedded reinsurance portfolio.
Jim Bradshaw, CEO for North America at Gallagher Re, said: “It is a pleasure welcoming Alexander to the Gallagher Re team. He has one of the most unique experience sets within this new arena, which will allow Gallagher Re to offer its clients the most sophisticated embedded solution.”
Choniski said embedded insurance is first and foremost a distribution challenge. “If you are selling embedded and you don’t own the distribution, you are outsourcing the most important thing your embedded partner needs. Gallagher serves up insurance distribution in 130 countries across retail, wholesale and reinsurance.
“Too many embedded players are not building sustainable solutions with the right partners, which jeopardises the viability of their proposition and causes market confusion about the success rate of the embedded trend. Just like anything else, there is a commodity approach to embedded insurance and a strategic one.
”Our solution is relentlessly focused on the long-term, and we are selecting business partners and brands who share this notion.”