Gallagher has appointed Mike Parry as a partner in its renewable energy team to focus on offshore wind risks. Mike brings 35 years energy broking experience and will play a key role in expanding Gallagher’s offering in this growing part of the energy market.

Mike spent 23 years at AON leading the firm’s European energy team and has held senior energy roles at JLT and Marsh serving clients in all sectors of the industry, in particular supporting the development of major offshore installations.

In his new role, Mike is responsible for delivering cost effective and fit for purpose risk transfer solutions for clients as the offshore wind sector evolves, both in terms of new technology deployment and risk financing maturity using his extensive experience in developing standalone bespoke and flexible facility solutions to solve clients risk financing challenges.

Mike will work closely with executive partner Gavin Tidman and Gallagher’s leading renewables expert, Duncan Gordon, as the firm continues to expand its renewable energy expertise. The team is part of Gallagher Speciality’s global energy, power and renewables practice which handles upstream, downstream, power and renewable energy risks for firms internationally and employs over 65 risk professionals.

Commenting on the appointment, Jonathan Smith, managing partner of the practice said: “Renewables is an extremely fast growing area of energy and Gallagher has one of the largest and most experienced teams in the market. The appointment of Mike reinforces our strategy of investing in industry-leading individuals and provide further strength in our team as we welcome new renewable energy clients. We expect to announce further appointments in the near future as we continue to build this team.

Mike, added: “The growth of renewables is absolutely critical to the energy industry, particularly in the offshore environment. This means that the insurable risks are ever changing for firms operating in this environment and so we must grow and evolve to support them.

“Now, more than ever, organisations require realistic and tailor-made approaches to risk management, finance and transfer, so therefore they need to work with committed specialists who can support them to navigate the risk taking landscape. I’m delighted to have joined a business with a talented, energetic team of experienced people, with strong client relationships and an extensive and dynamic global footprint. I look forward to working with my team to serve clients of all types to explore further opportunities for their growth and success.”