Pablo Muñoz joins from rival Aon, and will be based in both London and Miami, tasked with growing the reinsurance broker’s facultative reinsurance business.
Gallagher Re has named Pablo Muñoz as chief executive of global facultative reinsurance, marking a major investment in the broker’s facultative strategy amid growing demand for tailored, individual risk solutions.
Muñoz (pictured) joins from Aon Reinsurance Solutions, and takes up the newly created role on 2 July 2025.
He will be based between London and Miami and becomes a member of Gallagher Re’s reinsurance global executive committee.
He brings more than 25 years of experience in reinsurance, including 17 years at Aon where he was global deputy CEO of facultative and chair of its Latin America reinsurance operations. His earlier career includes senior roles at Willis, Willis Re and Benfield.
At Gallagher Re, Muñoz will lead a global network of facultative specialists across hubs in London, Singapore, Sydney, New York and the Middle East.
His team will serve insurers, MGAs, captives and wholesale intermediaries with bespoke facultative solutions for individual risks and portfolios.
Tom Wakefield, global CEO of Gallagher Re, said the hire demonstrated the firm’s commitment to building out its facultative capabilities at a global level.
“Pablo has a proven track record of building global facultative expertise and expanding market presence. We’re delighted to welcome him to Gallagher Re,” said Wakefield.
The appointment comes as facultative reinsurance continues to gain traction among insurers looking to navigate growing geopolitical and economic volatility, with demand rising for customised and responsive cover.
“The facultative reinsurance market is experiencing strong demand as insurers respond to global uncertainty and increasing complexity—driving the need for more customized, responsive, and globally integrated solutions,” said Muñoz.
“Gallagher Re is exceptionally well positioned to support clients worldwide, and I’m excited to work with this talented team to evolve our global proposition.”
In tandem with Muñoz’s appointment, Gallagher Re has reached an agreement to assume 100% control of its Japan P&C cedant facultative portfolio, taking over from its joint venture partner in the country.
The move reinforces Gallagher Re’s commitment to facultative reinsurance and represents a significant step in strengthening its service proposition in one of the world’s largest cedant facultative markets.
As part of the transition, new colleagues joined Gallagher Re’s teams in London and Singapore on 1 July, with further hires expected through to the end of 2025.
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