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It’s the end of an era for brokerage giant Gallagher.
The company has today announced that the head of its UK-based brokerage and underwriting division, Grahame Chilton, will depart later this year from his role as chief executive.
“Chily has been an outstanding broker and entrepreneur who has led our 4,500 strong UK broking and underwriting teams to achieve fantastic client service and growth,” said Gallagher chairman, CEO and president J. Patrick Gallagher. “Under his stewardship, the UK broking and underwriting business has become the blueprint for what a well-managed, well-governed, high performing and ethical business should look like.”
Chilton’s replacement has also been revealed, subject to regulatory approval. Incoming is current head of Gallagher’s London Market and Alesco business, Simon Matson.
“We have a long history of smooth and successful business leadership transitions,” noted Gallagher. “Chily’s transition is no different, and I want to thank him for his leadership and tremendous contributions as he now hands over the leadership baton to Simon Matson.”
“Simon has demonstrated his own exceptional broking and inspirational leadership credentials over the past 10 years with the company,” added Sue Langley, non-executive chairman of Arthur J. Gallagher Holdings (UK) Limited. “With Simon at the helm, we’ll continue the strong growth and evolution of our UK broking and underwriting businesses.”
Matson also received warm words from Chilton who wished the firm well, describing it as a “super business.”
“I am proud to have played a role in the UK business’ transformation over the past few years and to have led a team that is so rich in talent and diverse capabilities, wrapped around a set of behaviours and beliefs that put positive customer outcomes at the heart of every strategic decision,” he said. “It has been a pleasure to work alongside the Gallagher UK executive team which is, in my opinion, the best in the business, and I know the team will continue to achieve great things under Simon’s leadership.”
