James Vickers, the chairman of Gallagher Re International, announced he is retiring on May 31, 2025, after 47 years in the global reinsurance industry.
“In the late 1970’s reinsurance broking was very much a transactional and relationship driven business with any technical analysis limited to rules of thumb and historic loss analysis,” said Vickers in an announcement published on his LinkedIn account.
“The early 1990’s saw the reinsurance industry starting embrace catastrophe models and advanced financial and actuarial modelling. To be able to play a part in this analytical revolution has been a huge privilege and a source of endless intellectual and commercial stimulation for me over the last 30 years,” he continued.
“My generation of reinsurance brokers have also had the great good fortune of working at a time when the globalization of the reinsurance broking industry took hold transforming the industry from a series of fragmented localized firms into a limited number of truly global powerhouses,” Vickers said.
“Helping to build up a network of local offices in over 30 countries over the last 25 years has provided me with a myriad of different and exciting challenges for which I am very grateful.”
He went on to say that he has been “hugely fortunate” during his career to have worked with talented colleagues and supportive clients “who have all been kind enough to freely share their knowledge, skills and friendship with me.”
“I retire from Gallagher Re with great confidence that the next generation of leaders in Gallagher Re will drive the business forward and surpass any success that I and my peers may have enjoyed in our careers,” he said, emphasizing that his enthusiasm and confidence for the future of reinsurance broking remains undimmed.
He expressed one regret at his impending retirement: That he is not 20 years younger.
“…I truly believe that the outlook for the industry is brighter now than at any time in my career!”
Topics A.J. Gallagher
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