Company says unit has ‘natural alignment’ with Capsicum Re subsidiary
Arthur J. Gallagher International said its specialist Binding Authority and Facility Division will now trade as Capsicum Delegated Authority.
The US insurance giant’s international broking division said the newly-branded Capsicum Delegated Authority will deliver and manage capacity solutions for MGA and coverholder customers.
Its 40-strong specialist team conducts business in more than 30 countries and manages in excess of $1.5 billion gross written premium.
Gallagher said the new brand “better reflects the standalone nature of the business as well as its approach to sourcing and securing capacity”.
Grahame Chilton (pictured), chief executive of Arthur J. Gallagher International, said: “The delegated authority team has a natural alignment and increasing involvement with the services and strengths of Gallagher’s reinsurance partner Capsicum Re. This made the new name an obvious choice when seeking an independent brand for our specialist delegated authorities broker.”