US insurance coverage middleman Gallagher has recruited Nepomuk Loesti from AIG to function the chief business officer (CCO) for its European broking operations.
Loesti’s appointment is a part of the corporate’s aim to develop throughout Europe, notably in markets exterior the UK.
On this newly created place, Loesti will concentrate on driving Gallagher’s development technique all through the area and report back to Europe CEO Alex Nagler.
Gallagher stated Loesti will collaborate with current groups to establish new product and repair alternatives, enhancing the dealer’s choices in nations corresponding to Sweden, Norway, Switzerland, Liechtenstein and Turkey.
With a profession spanning greater than 17 years at AIG, he held varied positions throughout main monetary hubs together with Zurich, London, New York, Frankfurt and Munich.
He was latterly the corporate’s head of economic strains for Europe, the Center East and Africa.
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Loesti additionally held management roles corresponding to head of liabilities, monetary strains and shopper engagement for Germany, Switzerland and Austria.
His insurance coverage trade journey started in underwriting at Liberty Mutual Insurance coverage Europe in 2004.
Nagler stated: “He [Loesti] has in depth data of the European insurance coverage market, and of the buying and selling surroundings for companies working regionally and internationally within the area and his appointment speaks on to our technique of using gifted folks to assist our current shoppers, and develop our companies to new shoppers.”
Loesti added: “The agency already has some improbable companies working in Europe, however there may be loads extra room for development and I might be working intently with Alex to ship each enlargement into new geographies, and in addition working with the broader in-country leaders to see what additional merchandise, companies and options we will supply to maximise the end result for Gallagher shoppers.”
Final month, Gallagher strengthened its Asian operations with the launch of an insurance coverage dealer in Taiwan.
