Gallagher Re launches new captives unit under Artex hire

Gallagher Re has moved to launch into the captive insurance business, recruiting a former Artex executive to lead the unit.

The global reinsurance broker and advisory business has launched a specialized captives risk transfer team, which will sit within the broker’s global facultative practice.

It said the new proposition will deliver tailored facultative and structured reinsurance solutions for single parent captives of all sizes and complexities.

The team is led by Martin Hughes, who will assume the role of executive vice president, captives, effective 1 January 2026. Hughes has led the specialty risk transfer division of Artex for the past five years, delivering reinsurance-based solutions to captive clients in North America in partnership with Gallagher Re.

Joshua Cryer has also joined as divisional director, captives. Cryer was previously director of client solutions at Intangic; he has previously held senior roles at WTW, Virgin Atlantic & THG.

Pablo Muñoz, CEO of facultative at Gallagher Re, said: “The new team will connect captive owners with both traditional and alternative sources of global capital, unlocking opportunities beyond the reach of most captives.

“Martin and Josh bring deep expertise in risk management, insurance strategy, and captive solutions. They will work closely with colleagues across Gallagher Re Treaty, Artex, GGB Retail, and GGB Specialty to deliver innovative solutions for our clients.

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