Gallagher appoints new chief executive for UK broking and underwriting

Gallagher has appointed Michael Rea as the new chief executive of its UK broking and underwriting business, a statement released today (14 December 2023) said.

In his new role, Rea, who first joined the firm in 2015, will be responsible for overseeing its UK-based retail, specialty and underwriting operations.

As part of this, the firm’s chief executive of specialty Jonathan Turner will report to Rea and become part of his UK leadership team.

Meanwhile, Gallagher Re’s UK top boss Ian Kerton will report to Rea in respect of the UK regulated business.

Rea will take up his new role on 1 January 2024 and report to Simon Matson, executive vice president of Gallagher’s global brokerage operations.

“I am delighted to see him take the helm of our wider UK business and I look forward to working with him as we continue to build on the fantastic success we have achieved over recent years,” Matson said.

Experience

Rea joined Gallagher as chief operating officer of its international division before becoming chief executive of its UK and Ireland retail arm in 2016.

During his tenure, he oversaw sustained organic growth and ongoing expansion through strategic merger and acquisition (M&A) activity for the division.

Rea said he was “honoured” to be taking up his new role.

“Our employees are the best in the business with unrivalled expertise and I am exceptionally proud to be part of this team,” he said.

“Our can do culture and consistent focus on our clients puts us in a fantastic position for continued growth as we move into 2024 and beyond.”