Julian Wallers, previously CEO of financial risks, has decided to transition into a chairman role for these specialisms. Credit: JHVEPhoto/Shutterstock.

Global insurance brokerage Gallagher has announced the appointment of two new leadership roles within its specialty division.  

Paul Bassett has been named CEO of crisis management and Simon Brookes as CEO of financial lines.  

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Julian Wallers, previously CEO of financial risks, which includes the teams now led by Bassett and Brookes, has decided to transition into a chairman role for these specialisms.  

Both Bassett and Brookes will report directly to Jonathan Turner, CEO of Gallagher Specialty.  

All the changes will take effect from 1 April 2025. 

Bassett joined Gallagher in 2015 as managing director of crisis management after holding senior positions at Aon and JLT.  

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He has driven the expansion of Gallagher’s crisis management services, including the strategic UK acquisition of risk management consultancy Another Day in 2022.  

Brookes joined the company through the acquisition of Heath Lambert in 2011.  

As the current managing director of professional risks, he will lead the management liability, cyber, financial institutions and professional risks teams in his new capacity. 

Turner said: ”Many specialty clients are looking for crisis management and financial lines solutions and both areas are fast expanding as firms grapple with the ever-evolving risks facing their business. 

“I have worked with both Paul and Simon for a number of years, and they are both fantastic leaders, and will bring further expertise and knowledge to my executive team. I am looking forward to 2025 and beyond as we further extend our products and services on offer.” 

Earlier this month, Arthur J. Gallagher entered into a definitive agreement to acquire AssuredPartners. The acquisition, valued at $13.45bn, is pending regulatory approvals and is expected to be finalised in the first quarter of 2025.