Gallagher Re has set up a dedicated captives risk transfer team within its global facultative business, expanding its focus on structured and bespoke reinsurance for captive insurers.
The unit targets single-parent captives across a broad spread of sizes, structures, and risk profiles.
The team’s remit centres on facultative and structured reinsurance placements designed around captive-specific needs.
Gallagher Re says the approach aims to help captive owners sharpen their risk transfer strategies, drawing on the firm’s analytics and structuring capability across North America and international markets. The pitch is technical, not generic.
- Martin Hughes will lead the team as executive vice president, captives, effective 1 January 2026. He joins from Artex, where he ran the specialty risk transfer division for five years. During that time, Hughes worked closely with Gallagher Re on reinsurance-led solutions for captive clients in North America. Familiar ground, then.
- Joshua Cryer comes in as divisional director, captives. His background cuts across insurance and corporate risk, with senior roles at WTW, Virgin Atlantic, and THG plc. That mix suggests a bias toward practical risk outcomes rather than theory-heavy design.
The captives risk transfer team sits inside Gallagher Re’s global facultative platform. It will work alongside treaty teams, Artex, and the firm’s retail and specialty operations.
Internal coordination matters here. Without it, captive solutions stall quickly.
Pablo Muñoz, chief executive officer of facultative at Gallagher Re, said the launch widens captive owners’ access to global capital.
He pointed to both traditional and alternative capacity as part of the offering, opening options that smaller or less complex captives often can’t reach on their own.
The new team will connect captive owners with both traditional and alternative sources of global capital, unlocking opportunities beyond the reach of most captives
Pablo Muñoz, CEO of facultative at Gallagher Re
Muñoz added that Hughes and Cryer bring hands-on experience in risk management, insurance strategy, and captive structures.
“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.
According to Beinsure, that blend matters more than branding when captives look for reinsurance partners that can move past standard templates.
