Global reinsurance broker Gallagher Re has appointed Alex Ntelekos as its new regional director in Europe, the Middle East, and Africa (EMEA) to support the growth of its public-private initiatives across the region, effective immediately.
Ntelekos has over 11 years of regulatory experience, including working as a senior manager, insurance supervision, at the UK Prudential Regulation Authority (PRA). Before joining the Bank of England, he worked as a senior catastrophe risk analyst at Willis Re.
In his new role at Gallagher Re, he will lead the broker’s public-private initiatives across the EMEA region and provide his regulatory, capital management, and climate change insight and expertise.
Commenting on his appointment, Ntelekos said: “I am thrilled to be joining Gallagher Re. I know the team very well, having worked with them during previous roles, and have always valued their collaborative team culture. I look forward to leveraging my experience to support Gallagher Re’s ambitious plans.”
Ntelekos will be based in London and report to Alkis Tsimaratos, managing director, head of EMEA West & South. He will also work with Dirk Spenner, managing director, across EMEA North & East.
Tsimaratos welcomed Ntelekos to the team, stating that the new hire’s experience, acumen, expertise, and engaging personality would offer significant benefits to Gallagher Re’s clients and teams.
“Alex is yet another senior addition to our fast-growing team at a unique time of our development,” Tsimaratos continued. “I am truly delighted that Alex has chosen to return after 11 years with the Bank of England and a remarkable track record and legacy there. This speaks volumes to the attractiveness of the Gallagher Re proposition for ambitious professionals like him across the globe willing to join the ‘1bn start-up’ adventure.”
Meanwhile, James Vickers, chairman international, reinsurance, at Gallagher Re, commented that Ntelekos’s modelling background and broad regulatory experience with the PRA would further strengthen the broker’s offering in its active public-private segment.
“Climate change, public-private pools, cyber insurance and regulation, and run-off strategies are all growing themes which increasingly require in-depth knowledge of regulatory requirements,” he added.
