Gallagher Re has created the place of chief science officer, tapping Steve Bowen (pictured) to serve within the new function.
As chief science officer, Bowen will work with the brand new Gallagher Analysis Centre, World Disaster Analytics, and the Local weather and ESG groups. He might be primarily based in Chicago for his world function and can formally begin with Gallagher on October 3.
Bowen has a scientific background in meteorology and enterprise analytics. He started his profession in broadcast tv, then later transitioned to insurance coverage in 2007. He joins Gallagher Re after spending 15 years at Aon, the place he most lately served as managing director and head of disaster perception. He’s a frequent collaborator with authorities businesses, academia, and trade teams, and has co-authored a number of peer-reviewed journals.
“We’re completely delighted Steve has chosen to hitch Gallagher Re,” stated Gallagher Re president of World Analytics & Advisory Brian Ingle. “His appointment is additional proof of our dedication to deliver one of the best expertise and material experience to our shoppers, wherever they’re on this planet.”
Ingle added that Bowen’s appointment and addition to Gallagher’s staff ensures the dealer’s shoppers get “goal, fact-based assessments of the evolving dangers arising from local weather change.”
“We reside in a options pushed world. The rising and broad-reaching impacts of local weather change and pure hazards have gotten extra evident by the day, and there’s a crucial have to innovate and clearly talk how danger is evolving,” stated Bowen. “I’m thrilled to be becoming a member of the Gallagher Re household the place there’s a robust dedication to collectively work collectively to assist shoppers higher perceive their view of danger. We’ll attempt to assist transfer the local weather change dialog ahead by collaborating with numerous personal and public sector entities to develop and ship relevant thought management. It’s an thrilling time to be a scientist within the insurance coverage trade.”
A latest report from Gallagher Re discovered that whole world reinsurance capital declined 11% at half-year 2022, induced primarily by mark-to-market funding losses.