Gallagher Re, the reinsurance broking arm of the broader Gallagher group, has introduced the hiring of Antoine Bavandi who joins the corporate from the World Financial institution to steer a brand new follow centered on the general public sector, parametric danger switch & local weather resilience options.
Bavandi takes the function of World Head of Public Sector, Parametric & Local weather Resilience Options, at Gallagher Re, efficient instantly.
He will likely be primarily based in London for the reinsurance dealer and report back to Printhan Sothinathan, CEO World Analytics and Advisory.
The corporate mentioned Bavandi will lead a newly fashioned Public Sector & Local weather Resilience Options world follow, utilizing his in depth expertise in advising each private and non-private sector establishments to assist the dealer develop new shopper alternatives.
This can contain working in shut partnership with present public/personal options groups at Gallagher Re and regional specialists situated all over the world, the dealer mentioned.
Bavandi has over 17 years of expertise and joins Gallagher Re from a task working as a senior local weather & catastrophe danger finance specialist at The World Financial institution.
On the World Financial institution, Bavandi labored to advise governments, insurance coverage and banking sector purchasers on the monetary danger administration of local weather and disaster occasions, utilizing an analytics-driven method to danger switch methods and by-product merchandise.
This possible put him into positions that may have included engaged on World Financial institution initiatives the place insurance-linked securities (ILS) devices had been used, or ILS fund and investor capital deployed to help the reinsurance wants of such danger switch preparations.
Earlier than the World Financial institution, Bavandi labored at insurers ArgoGlobal and Allianz World Company & Specialty as a disaster danger portfolio supervisor and sophistication underwriter.
Printhan Sothinathan, CEO World Analytics and Advisory, Gallagher Re commented on the rent, “The addition of Antoine to our rising and gifted staff is an thrilling strategic improvement for Gallagher Re. His complementary experience, shopper focus and analytical, forward-thinking method will likely be an enormous asset to our enterprise. Antoine’s in depth expertise in working throughout each the private and non-private sector spheres will likely be invaluable in serving to our purchasers navigate advanced challenges, together with local weather and different systemic dangers in an more and more inter-connected world. Antoine is the best individual to steer our newly established follow and we’re delighted to welcome him into our increasing staff.”
Gallagher Re’s newly launched Public Sector & Local weather Resilience Options world follow will work intently with the World Local weather and ESG Analytics and Advisory operate, led by Ed Messer.
It is going to work with purchasers to assist handle and scale back the monetary affect of local weather and catastrophe dangers on governments, (re)insurers, banks and companies worldwide.
There will likely be a concentrate on selling monetary preparedness, de-risking methods, and leveraging established and modern danger administration instruments, together with climate derivatives and parametric merchandise, to assist in transferring dangers.