Gallagher Re hires Parametric Solutions Lead from CelsiusPro

Reinsurance broker Gallagher Re has made a key hire in its Global Practice for Public Sector & Climate Resilience Solutions, adding Gian Sandosh Semadeni from CelsiusPro as its new Parametric Solutions Lead.

Semadeni comes with year’s of experience in the design, structure and implementation of parametric risk transfer, insurance and reinsurance solutions, as well as specific disaster risk finance experience in the sovereign space.

Gallagher Re’s new climate resilience practice aims to help to manage and reduce the financial impact of climate and disaster risks on governments, re/insurers, banks and businesses worldwide.

Semandi will work alongside Antoine Bavandi, a former World Bank executive who joined Gallagher Re last July in the role of Global Head of Public Sector, Parametric & Climate Resilience Solutions.

Bavandi leads the Public Sector & Climate Resilience Solutions global practice, which works with the reinsurance brokers’ clients to help manage and reduce the financial impact of climate and disaster risks on governments, (re)insurers, banks and businesses worldwide.

Semadeni has joined to help in main-streaming parametric risk transfer solutions, driving forward the parametric and index insurance agenda across Gallagher Re globally, identifying parametric value propositions for both public and private sector clients, and strengthening relationships with external stakeholders with parametric expertise.

Prior to joining Gallagher Re, Semadeni spent almost three years working at CelsiusPro in Zurich, a parametric and weather risk transfer specialist, in roles with a disaster risk financing focus.

Prior to that, Semadeni worked at the World Bank, for two years as a disaster risk finance consultant, where among other initiatives he supported the launch of the Southeast Asia Disaster Risk Insurance Facility (SEADRIF).

He had previously spent six years at Swiss Re Corporate Solutions.