Gallagher Bassett launches new division

Insurance Business America | April 24, 2019

Gallagher Bassett (GB) has announced the launch of a new division, GB Specialty, for specialized lines of coverage such as medical malpractice and high-exposure claims in standard lines like general liability. Rob Blasio, CEO of GB’s Western Litigation unit, will lead GB Specialty, and the Western Litigation team will form the foundation of the new division. “I’m thrilled that Rob has agreed to lead GB Specialty,” said Scott Hudson, CEO of Gallagher Bassett. “His expertise in complex lines is unsurpassed in our industry. The leadership team he has assembled is equally impressive and exemplifies our commitment to always helping our clients best protect their people, their businesses and their brands. Our clients in construction, transportation, healthcare and other high-exposure industries will greatly benefit from Rob’s attention and involvement.” “Gallagher Bassett has a storied history and the best professionals in the business,” Blasio said. “I’m honored to have been selected to lead GB Specialty.

Spotlight

In the face of ongoing uncertainty surrounding the U.S. economic recovery, including the unpredictability of budgetary decisions in Congress, continued high unemployment and weak consumer demand, the Eurozone crisis, and ongoing tumult in the Middle East, the domestic and international economic climate is still very risky. This change and unpredictability require more vigilance from our business leaders. A trade credit insurance policy, if used properly, provides a valuable extension to a company’s credit management practices – a second pair of objective eyes when approving buyers, as well as an early warning system should things begin to decline so that exposure can be effectively managed.

Spotlight

In the face of ongoing uncertainty surrounding the U.S. economic recovery, including the unpredictability of budgetary decisions in Congress, continued high unemployment and weak consumer demand, the Eurozone crisis, and ongoing tumult in the Middle East, the domestic and international economic climate is still very risky. This change and unpredictability require more vigilance from our business leaders. A trade credit insurance policy, if used properly, provides a valuable extension to a company’s credit management practices – a second pair of objective eyes when approving buyers, as well as an early warning system should things begin to decline so that exposure can be effectively managed.

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