Reinsurance broker Gallagher Re has unveiled a new specialised Captive Risk Transfer team within its Global Facultative practice, which is set to be led by Martin Hughes from Artex Risk Solutions as Executive Vice President, Captives, effective January 1, 2026.According to the broker, the new practice will provide tailored facultative and structured reinsurance solutions for single parent captives of all sizes and complexities.Leveraging the broker’s advanced analytics, Gallagher Re noted that the newly formed team will deliver deep expertise and insights necessary to enhance risk transfer strategies and drive growth opportunities across North American and international markets.As mentioned, the team will be led by Martin Hughes, who has spent the past five years leading the Specialty Risk Transfer arm of Artex, a role which saw him deliver reinsurance-based solutions to captive clients in North America in partnership with Gallagher Re.

Hughes has been Artex since 2013, having previously worked at both SPARTA Insurance and Discover Re, with a focus on alternative risk.At the same time, Gallagher Re also announced that it has appointed Joshua Cryer to its newly formed Captive Risk Transfer team, who joins as Divisional Director, Captives.Throughout his career, Cryer has held roles with broking group WTW, Virgin Atlantic, and THG.

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