Captive insurance industry news | Gallagher launches new specialty insurance business in Bermuda

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Gallagher has launched a new business in Bermuda to support clients across the region with specialty insurance solutions.

The company already has a presence in Bermuda through its treaty reinsurance operations and its alternative risk management arm, Artex. The move aims to capitalise on growth opportunities, providing insurance and risk management expertise in financial lines, construction, energy, marine, and P&C.

The firm also appoints Jasmine DeSilva as the new business's managing director, who has been commercial director at Artex Capital Solutions since 2021. She will report to Malcolm Payton, CEO of P&C Insurance Solutions and head of Global Fac at Gallagher Specialty.

Commenting on the launch, Payton remarks: “Bermuda is known as one of the world's risk capitals and is an important insurance hub. Well-regulated, experienced, and capital-efficient, the island has a high level of insurance expertise based locally, providing advice on complex risks.

“Jasmine has a proven track record within the wider Gallagher business, and we are thrilled that she is joining to run our specialty operations in Bermuda. We have a team of four supporting Jasmine locally, which we are looking to grow as we expand our client base.”

DeSilva adds: “Having been operating in the Bermuda insurance market for the last 17 years, I am very familiar with the challenges and opportunities for businesses in the region. The launch of our business in Bermuda and establishing a Gallagher team on-the-ground really opens up the availability of insurance options for regional and multinational clients.

“We are planning to further expand the team in the coming months, all of whom will play an important role in our growth journey.”

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Captive insurance industry news | Gallagher launches new specialty insurance business in Bermuda

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