Gallagher Re, the global reinsurance broker, has appointed Andrew Rothseid to the newly created role of partner, head of legacy.
Rothseid, who will continue to be based in the US, joined on 8 March and will be reporting into Matt FitzGerald, managing partner of specialty at Gallagher Re.
He brings over 25 years of experience in the global insurance and reinsurance industries, having worked exclusively in the global legacy market during that time and been at the forefront of US regulatory developments for legacy business.
For the last 13 years, Rothseid has been principal and owner of RunOff Re.Solve, a specialist provider of turnaround, restructuring, and advisory services where he has worked on behalf of global insurers and reinsurers, corporate owners of captive insurers, regulators, liquidators and institutional investors.
He is an experienced commercial trial lawyer and has also served as general counsel of US and Bermudian property and casualty run-off insurers and reinsurers; managing director of a London market insurer and reinsurer; and partner with global consultancy PwC responsible for its US insurance restructuring practice.
Commenting on the hiring of Rothseid, FitzGerald says: “We couldn’t be happier that Andrew Rothseid has chosen to join Gallagher Re, where his vast experience in global legacy business, run-off advisory and resolution will be of significant benefit to our clients.”
He continues: “His breadth of expertise and pioneering activities in this fast-evolving field will serve as a fantastic complement to our existing structured solutions capabilities, as we strive to create and deliver ever more flexible and innovative solutions to maximise our clients’ capital efficiency.”
Rothseid adds: “At this pivotal time, Gallagher Re is ideally placed to serve industry needs. I am excited to be joining and look forward to working with Matt FitzGerald, the wider Gallagher Re team, and the broader Gallagher organisation to provide effective, comprehensive solutions for legacy and other non-performing lines of business.”
