Gallagher Re nabs industry expert to lead renewable energy push

Global reinsurance broker  Gallagher Re has hired a renewable energy expert, in particular onshore and offshore wind, to build out its proposition and dedicated specialism in a key line of business.

Robert McMillan (pictured) has joined Gallagher Re within its global marine & energy team as renewable energy practice leader. He will support the broker's increasing investment and involvement in renewables to strengthen its capabilities on the transactional side of risk transfer where it has significant experience in placing treaty business for renewables.

McMillan has more than 30 years’ industry experience and joins from Siemens where he spent 16 years – the last 10 specialising in the onshore and offshore wind industry, holding a variety of senior management roles. He most recently served as global head of product safety and risk at Siemens, having been head of engineering for wind power UK and offshore product safety officer prior to that.

Nick Croxford, global head of marine & energy at Gallagher Re, said: “Robert’s extensive industry experience in renewable energy from product development, through construction and into operation, will serve as the perfect complement to our team’s existing strengths and capabilities on the transactional side of risk transfer.

“As our clients’ energy portfolios and exposures change, our investment is focused on providing the right mix of industry insight, data and analytics, tailored advice and optimised reinsurance solutions to best support those transitions. Developing a dedicated renewable energy specialism using Robert’s expertise and experience is a natural enhancement to our multi-disciplinary marine & energy practice and we are delighted to welcome him to the team.”

McMillan added: “Renewable energy has an essential role to play in delivering on decarbonisation targets, improving energy security and reducing emissions overall and I’m excited to apply my decades of experience and knowledge in a new way that furthers its development. Without the transfer of risk made possible by insurance and reinsurance, ground-breaking renewables projects and technological advances simply wouldn’t happen. So I’m looking forward to working with my broking colleagues to deliver the support and solutions our insurer clients need in this fast-evolving industry.”

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