Global advisory firm Teneo has appointed Barry Gale as senior managing director (MD) of its financial advisory business. He will be based in London and focus on restructuring and transactions in the insurance industry.
Gale has been global head of Aon Re’s legacy business since 2021, specializing in mergers and acquisitions (M&A) and reinsurance transactions in the insurance legacy/runoff space.
Prior to joining Aon, he was a partner and head of KPMG’s insurance restructuring practice, where he specialized in advisory, restructuring and insolvency work in the insurance industry for more than two decades.
In the past, Gale has advised insurers, reinsurers, investors and select acquirers on transactions in key insurance markets, including the UK, Continental Europe, the US, Bermuda, Australia and Hong Kong.
During his career, he has supported more than 50 legacy transactions with liabilities totaling over $20 billion and has extensive experience in cross-border restructuring and insolvency matters.
Mike Morrison, Co-Chairman of Teneo International Finance Center, commented on the appointment: “Barry is one of the most respected advisors in the global insurance traditional markets, with an outstanding track record of advising on some of the industry’s most complex and significant transactions.
“His deep expertise in traditional M&A, restructuring, insolvency and capital solutions further enhances our ability to support insurers, reinsurers and investors through strategic, operational and regulatory challenges. Barry’s appointment reflects our continued investment in building market-leading capabilities in the insurance industry.”
Dan Butters, CEO of Teneo Financial Advisory, added: “Barry’s appointment is another important step in the continued growth of our financial advisory practice.
“As private equity and professional investor interest in the insurance industry continues to grow, Barry’s experience advising carriers and investors on legacy transactions further enhances our ability to support clients throughout the transaction lifecycle.”
Gale said: “I am delighted to be joining Teneo at such an exciting stage in the company’s growth. The combination of Teneo’s global platform, multi-disciplinary expertise and strong position in financial services creates a compelling proposition for clients.
“I look forward to working with colleagues across the firm to help insurers, reinsurers and investors navigate complex transactional and strategic challenges in an increasingly dynamic market.”
