Global reinsurance broker Gallagher Re has announced the launch of a new dedicated Captive Risk Transfer team within its Global Facultative practice, which will be led by Martin Hughes as Executive Vice President, Captives, effective January 1, 2026.
Gallagher Re says that by utilising its advanced analytics, the new team will provide expertise and insights required to optimise risk transfer strategies and drive growth opportunities across North American and international markets.
Hughes has spent the past five years leading Artex’s Specialty Risk Transfer arm, a role which saw him deliver reinsurance-based solutions to captive clients in North America in partnership with Gallagher Re. He has been with Artex since 2013, having previously spent time with SPARTA Insurance and Discover Re, with a focus on alternative risk.
The reinsurance broker has also appointed Joshua Cryer, who has previously held roles with WTW, Virgin Atlantic, and THG, as Divisional Director, Captives.
Pablo Muñoz, CEO of Facultative at Gallagher Re, commented: “The new team will connect captive owners with both traditional and alternative sources of global capital, unlocking opportunities beyond the reach of most captives.
“Martin and Josh bring deep expertise in risk management, insurance strategy, and captive solutions. They will work closely with colleagues across Gallagher Re Treaty, Artex, GGB Retail, and GGB Specialty to deliver innovative solutions for our clients.”
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