The reinsurance broker has launched a dedicated captives risk transfer team within its global facultative business, appointing Martin Hughes as executive vice president and Joshua Cryer as divisional director
Gallagher Re has launched a new captives risk transfer team as part of its global facultative practice.
The new team will focus on delivering tailored facultative and structured reinsurance solutions for single-parent captives across a wide range of sizes and complexities.
The reinsurance broker’s proposition is designed to support captive owners in optimising their risk transfer strategies, using Gallagher Re’s analytics and structuring capabilities across North America and international markets.
Martin Hughes will lead the team as executive vice president, captives, with effect from 1 January 2026.
Hughes has led the specialty risk transfer division of Artex for the past five years, working in partnership with Gallagher Re to deliver reinsurance-based solutions for captive clients in North America.
Joshua Cryer has also joined the business as divisional director, captives.
Cryer previously held senior roles at WTW, Virgin Atlantic and THG plc.
The captives risk transfer team sits within Gallagher Re’s global facultative platform and will work closely with colleagues across treaty, Artex and the firm’s retail and specialty businesses.
Pablo Muñoz, CEO of facultative at Gallagher Re, said the launch would broaden access to global capital for captive owners.
“The new team will connect captive owners with both traditional and alternative sources of global capital, unlocking opportunities beyond the reach of most captives,” Muñoz said.
“Martin and Josh bring deep expertise in risk management, insurance strategy and captive solutions, and will work closely with colleagues across the group to deliver innovative solutions for our clients,” he added.
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