GALLAGHER RE CHIEF SWALLOW TO EXIT

Gallagher Re chief executive Rupert Swallow is leaving the business. Swallow has led broker Gallagher's reinsurance arm for the past seven years and was a founding partner of the original business, formerly known as Capsicum Re. Since the Capsicum Re business was fully acquired by Gallagher in January 2020, Swallow led the successful transition of the 180-strong reinsurance team and its operations into Gallagher’s UK broking division. This included the rebrand of the business to Gallagher Re in October 2020, which was the final stage in the 12 month-long integration plan. Swallow will be succeeded by Simon Behagg, who has spent almost seven years as chief operating officer of Gallagher Re, according to his LinkedIn profile. “Having now completed the final stages of that full integration into Gallagher, I have achieved what I set out to do and confidently hand over the reins of this extraordinary business as it moves into its next phase of growth,” Swallow said. He will leave the business next month.