Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact

London:

Gallagher Re, the global reinsurance broker, announced the appointment of Antoine Bavandi in the newly created role of Global Head of Public Sector, Parametric & Climate Resilience Solutions, effective immediately.

Based in London, UK he will report to Printhan Sothinathan, CEO Global Analytics and Advisory, Gallagher Re and work in close partnership with existing public/private solutions teams and regional specialists located around the world.

Antoine brings more than 17 years of experience and joins Gallagher Re from his most recent position as senior climate & disaster risk finance specialist at The World Bank.

In his previous role, he was responsible for advising governments, insurance and banking sector clients on the financial risk management of climate and catastrophe events through an analytics-driven approach to risk transfer strategies and derivative products.

Antoine will lead Gallagher Re’s newly established Public Sector & Climate Resilience Solutions global practice, with responsibility for developing Gallagher Re’s core offering globally and driving profitability as well as developmental impact.

The new practice will work closely with the Global Climate and ESG Analytics and Advisory function, led by Ed Messer.

The practice will help to manage and reduce the financial impact of climate and disaster risks on governments, (re)insurers, banks and businesses worldwide. Its focus will be on promoting financial preparedness, de-risking strategies, and leveraging established and innovative risk management tools, including through weather derivatives and parametric products. The practice will also provide comprehensive climate resilience and adaptation solutions, working alongside advanced and emerging economies to accelerate the shift towards a more sustainable development.

Printhan Sothinathan, CEO Global Analytics and Advisory, Gallagher Re said: “The addition of Antoine to our growing and talented team is an exciting strategic development for Gallagher Re.