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The former Accredited CEO spent most of his career at Aon Reinsurance. -
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It is thought that the move is part of a broader restructuring.
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According to its 2023 10-K, Gallagher spent $3.74bn on M&A activity.
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The probe concluded in Q4 last year, according to Gallagher’s 10-K.
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The executive will head a team of over 70 energy specialists.
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Aon approved Embrace as wholesaler late last year.
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Wood started at the wholesale broker in February.
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The CEO said winning back clients had “validated” the broker’s approach.
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The Insurance Insider US news team runs you through some of the key M&A deals from the past week.
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Andrew Grim will continue to serve as national casualty practice leader.
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Agency deals declined 20% to 566, from 704 acquisitions in 2022.
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