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Gallagher Re hires former World Bank executive

Antoine Bavandi

Gallagher Re, the reinsurance business of broker Arthur J. Gallagher & Co., said Monday it has named former World Bank executive Antoine Bavandi to the newly created role of global head of public sector, parametric and climate resilience solutions.

Mr. Bavandi will lead Gallagher Re’s public sector and climate resilience solutions global practice, which will work closely with the global climate and ESG analytics and advisory function, led by Ed Messer, a statement said.

Based in London, he will report to Printhan Sothinathan, CEO of global analytics and advisory, Gallagher Re.

Mr. Bavandi was most recently a senior climate and disaster risk finance specialist at The World Bank, advising governments, insurance and banking sector clients on the financial risk management of climate and catastrophe events.