Gallagher names new chief commercial officer for broking operations in Europe

Gallagher has announced the appointment of Nepomuk “Nepo” Loesti (pictured above) as the chief commercial officer of its European broking operations.

This new position is integral to Gallagher's strategy to bolster its presence in Europe, particularly in regions outside the UK, including Sweden, Norway, Switzerland, Lichtenstein, and Turkey.

Loesti, who joins Gallagher after a 17-year tenure at AIG, brings a wealth of experience to his new role. During his time at AIG, he was based in various global financial hubs such as Zurich, London, New York, Frankfurt, and Munich, holding key positions. Most notably, he served as the Head of Financial Lines for Europe, the Middle East, and Africa.

His career trajectory also includes leadership roles in liabilities, financial lines, and client engagement for Germany, Switzerland, and Austria. Loesti commenced his career in underwriting at Liberty Mutual Insurance Europe in 2004.

“I am very pleased to be joining Gallagher as it looks to expand its European presence. Having spent my entire career on the insurer side to date, the chance to move to a global broker like Gallagher with ambitious plans was an opportunity I couldn’t resist,” Loesti said.

In his role at Gallagher, Loesti will report to Alex Nagler, CEO of Europe, who himself joined the firm in September of the previous year. Loesti's responsibilities will include spearheading the growth strategy for Gallagher in the region. He will collaborate with existing teams to identify and develop additional product and service opportunities, with a focus on expanding Gallagher’s reach across new geographies and enhancing offerings for clients.

“Nepo is a natural leader who brings passion, expertise and a commercially driven mind and he will be crucial in delivering our ambitious growth plans. He has extensive knowledge of the European insurance market, and of the trading environment for businesses operating locally and internationally in the region and his appointment speaks directly to our strategy of employing talented people to support our existing clients and expand our services to new clients. We are very pleased to have him on board,” Nagler said.

In other recent developments, Gallagher has also announced the appointment of Michael Rea (pictured above) as the CEO of its UK broking and underwriting operations.

What are your thoughts on this story? Please feel free to share your comments below.