Gallagher Re nabs UK regulatory expert to support growth across EMEA

Global reinsurance broker  Gallagher Re has hired a senior manager from the UK’s regulatory authority for the role of regional director in Europe, the Middle East and Africa (EMEA).

Alex Ntelekos (pictured) will be responsible for supporting the growth of Gallagher Re’s public-private initiatives across the EMEA region and will provide his regulatory, capital management and climate change insight and expertise to the region and beyond.

Based in London, he will report to Alkis Tsimaratos, managing director, head of EMEA West & South and will also work with Dirk Spenner, managing director, across his EMEA North & East region.

Ntelekos has more than 11 years of regulatory experience, having previously worked as a senior manager, insurance supervision, at the UK’s Prudential Regulation Authority (PRA). Prior to joining the Bank of England, he worked as a senior catastrophe risk analyst at Willis Re.

James Vickers, chairman international, reinsurance, at Gallagher Re, said: “Alex’s modelling background and broad regulatory experience with the PRA will further strengthen Gallagher Re’s offering in our active public-private segment. Climate change, public-private pools, cyber insurance and regulation, and run off strategies are all growing themes which increasingly require in-depth knowledge of regulatory requirements.”

Alkis Tsimaratos, managing director, added: “Alex is yet another senior addition to our fast-growing team at a unique time of our development. His experience, acumen, deep levels of expertise and engaging personality will offer significant benefits to our clients and teams. I am truly delighted that Alex has chosen to return after 11 years with the Bank of England and a remarkable track record and legacy there. This speaks volumes to the attractiveness of the Gallagher Re proposition for ambitious professionals like him across the globe willing to join the '1bn start up' adventure.”

Ntelekos commented: “I am thrilled to be joining Gallagher Re. I know the team very well, having worked with them during previous roles, and have always valued their collaborative team culture. I look forward to leveraging my experience to support Gallagher Re’s ambitious plans.”

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