Gallagher Bassett names new people and culture head
Gallagher Bassett names new people and culture head | Insurance Business Australia
Insurance News
Gallagher Bassett names new people and culture head
Exec to focus on fostering inclusive work culture
Insurance News
By
Roxanne Libatique
Gallagher Bassett (GB), a claims and risk management provider in Australia, has announced the appointment of Tanith Jones (pictured above) as the new general manager of people and culture for its Australian operations.
In her new position, she will be tasked with advancing Gallagher Bassett’s people strategy, with a focus on fostering an inclusive work culture.
Expressing her enthusiasm for the new role, Jones highlighted her passion for promoting representation at all organisation levels.
“I am excited to accept the role of general manager – people and culture as my diverse background and career experiences have instilled in me a deep passion for promoting representation at all organisation levels and fostering an environment where everyone can thrive,” she said.
Who is Tanith Jones?
Jones has over a decade of experience in the industry, having previously implemented diversity initiatives and flexible work arrangements to enhance work-life balance at various organisations.
Gallagher Bassett said Jones prioritises respect, safety, and open communication and aims to support the unique needs and aspirations of each employee.
“Tanith has been instrumental in growing and enriching our culture throughout her tenure at Gallagher Bassett, and we are thrilled to see her continue to excel in this new role,” said Pete Nicholson, CEO of Gallagher Bassett Australia.
He noted that Jones’s experience and commitment to supporting employee success are closely aligned with the company’s values.
“With Tanith’s leadership, we are confident that our employees will thrive, and our company culture will continue to flourish,” he said.
The company’s chairman and CEO, J Patrick Gallagher, Jr, described the quarter’s performance as “excellent.”
The following are company’s financial highlights for the three months ending June 30:
Brokerage: Net earnings rose to US$332.8 million from US$290.3 million in Q2 2023, with EBITDAC increasing to US$668.1 million from US$563.8 million.
Risk management: Net earnings were US$47.8 million, up from US$36.7 million in the same quarter last year; EBITDAC improved to US$72.3 million from US$60.5 million.
Corporate: The segment posted a net loss of US$(95.2) million, compared to a loss of US$(91.2) million in Q2 2023; EBITDAC saw a reduction in losses, from US$(64) million to US$(50.1) million.
Total company: Net earnings reached US$285.4 million, up from US$235.8 million in Q2 2023, with total EBITDAC increasing to US$690.3 million from US$560.3 million.
Gallagher reported a 14% increase in reported revenue and 7.7% organic revenue growth. The net earnings margin improved to 13.9%, and the adjusted EBITDAC margin increased to 31.4%.
The company also completed 12 mergers during the quarter, contributing an estimated annualised revenue of US$72 million, with a merger pipeline exceeding US$500 million.
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