Global insurance and risk management brokerage firm Arthur J. Gallagher & Co. promoted John Marchisi as its new National Director, SPAC Segment within the Financial Institutions practice for its U.S. retail property/casualty brokerage operations.
U.S. SPACs have raised more than $64 billion this year, a record sum that’s approaching the $72 billion raised in all prior years combined. Marchisi brings 15 years of SPAC-related expertise and will help Gallagher deploy its process and analytics system to assist carriers in underwriting SPAC insurance programs.
Marchisi’s strategic risk management experience will work in combination with Gallagher’s global resources to meet the challenges and risks that face SPAC operators, which include Directors and Officers, Cyber and Transactional Risk exposures.
Headquartered in Rolling Meadows, Ill., Gallagher has operations in 49 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.