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US insurance coverage middleman Gallagher has recruited Nepomuk Loesti from AIG to function the chief industrial officer (CCO) for its European broking operations.
Loesti’s appointment is a part of the corporate’s purpose to increase throughout Europe, notably in markets outdoors the UK.
On this newly created place, Loesti will concentrate on driving Gallagher’s progress technique all through the area and report back to Europe CEO Alex Nagler.
Gallagher mentioned Loesti will collaborate with present groups to determine new product and repair alternatives, enhancing the dealer’s choices in international locations corresponding to Sweden, Norway, Switzerland, Liechtenstein and Turkey.
With a profession spanning greater than 17 years at AIG, he held numerous positions throughout main monetary hubs together with Zurich, London, New York, Frankfurt and Munich.
He was latterly the corporate’s head of economic strains for Europe, the Center East and Africa.
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Loesti additionally held management roles corresponding to head of liabilities, monetary strains and consumer engagement for Germany, Switzerland and Austria.
His insurance coverage business journey started in underwriting at Liberty Mutual Insurance coverage Europe in 2004.
Nagler mentioned: “He [Loesti] has in depth data of the European insurance coverage market, and of the buying and selling setting for companies working regionally and internationally within the area and his appointment speaks on to our technique of using gifted folks to help our present shoppers, and increase our companies to new shoppers.”
Loesti added: “The agency already has some improbable companies working in Europe, however there may be lots extra room for progress and I will likely be working intently with Alex to ship each growth into new geographies, and likewise working with the broader in-country leaders to see what additional merchandise, companies and options we are able to supply to maximise the result for Gallagher shoppers.”
Final month, Gallagher strengthened its Asian operations with the launch of an insurance coverage dealer in Taiwan.
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