Global reinsurance brokerage Gallagher Re has announced the creation of a new dedicated captive risk transfer team across its global concurrent business, with Martin Hughes as executive vice president of captives, effective January 1, 2026.
The broker explained that the new business will provide tailor-made temporary and structured reinsurance solutions to single-person insurance companies of all sizes and complexities.
Gallagher Re said that by leveraging its advanced analytics technology, the new team will provide the expertise and insights needed to optimize risk transfer strategies and drive growth opportunities in North American and international markets.
Hughes has led Artex’s specialty risk transfer division for the past five years, a role in which he worked with Gallagher Re to deliver reinsurance-based solutions to captive clients in North America. He has been with Artex since 2013 and previously worked at SPARTA Insurance and Discover Re, focusing on alternative risks.
The reinsurance broker has also appointed Joshua Cryer, who previously held roles at WTW, Virgin Atlantic and THG, as director of captive insurance.
Pablo Muñoz, CEO of Gallagher Re Facultative, commented: “The new team will connect captive owners with traditional and alternative sources of global capital, unlocking opportunities beyond the reach of most captives.
“Martin and Josh have deep expertise in risk management, insurance strategy and captive solutions. They will work closely with colleagues across Gallagher Re Treaties, Artex, GGB Retail and GGB Specialty to deliver innovative solutions to our clients.”