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The international division of Arthur J. Gallagher & Co. announced Thursday that Andrew Agnew, the firm's managing director of specialty, has been appointed as chairman of the London & International Insurance Brokers' Association.
Mr. Agnew takes over from Steve Hearn, group CEO of Cooper Gay Swett & Crawford Ltd., Gallagher said in the statement.
Mr. Agnew has served as deputy chairman of LIIBA for the past two years, according to the statement.
London-based LIIBA is a trade association that represents Lloyd's insurance and reinsurance brokers operating in London and internationally.
Mr. Agnew joined Arthur J. Gallagher in May 2011 from Jardine Lloyd Thompson Group P.L.C., where he had served as chairman of its London market specialty arm since 2007, Gallagher said.
“It is fantastic news that Andrew has been appointed as Chairman of LIIBA. He has the perfect blend of experience, knowledge and candor to successfully represent and promote the voice of the wider London market community, and we are proud to have one of our leadership team in such an important role,” Grahame Chilton, CEO of Arthur J. Gallagher International, said in the statement.
“I am delighted to take up the position of chairman. It is a privilege to lead this important association and to build on the accomplishments achieved so far,” Mr. Agnew said in the statement. “Further change is necessary for the London market to succeed and prevail among fast maturing global competition. I look forward to working closely with our members and other market bodies to champion modernization initiatives that support our members during this pivotal time in the market's history.”
Arthur J. Gallagher & Co. saw revenue and net earnings rise in the fourth quarter of 2015 despite a jump in expenses.