Gallagher announces new senior hire for UK and Ireland retail arm

Broker Gallagher has appointed Tim Chance as its new managing director of trade credit and surety for its UK and Ireland retail arm.

In his new role, Chance will be responsible for building out the trade credit and surety practice, which has teams based in London, Swindon, Manchester and Glasgow.

The division provides tailored products to small and medium-sized enterprises (SMEs) and multinationals across retail, technology and financial services.

“I am delighted to have the opportunity to lead this talented team and highly important element of Gallagher’s client proposition,” Chance said.

“Trade credit insurance plays an important role in providing businesses with protection against non or late payment, an issue that is firmly on the minds of many business leaders given the current trading conditions for UK firms.

“Our approach of understanding the risks each individual business is facing and working with them to provide tailored solutions means we are well place to grow further and expand our client base.”

Experience

Chance joined Gallagher in 2016 as practice leader for trade credit and surety.

In this role, he managed teams in Birmingham and Manchester, while he also oversaw growth, client relationships and product development.

Prior to joining Gallagher, he was national practice leader of Marsh’s corporate division.

In his new role, Chance will report to Steve Risk, regional managing director of south west at Gallagher.

He will succeed Tim Fisher, who is stepping down after nine years.

Risk said: “I am delighted that Tim Chance has become managing director of trade credit and surety.

“At Gallagher, we are committed to nurturing our talent and promoting from within our business so it is brilliant to have such a strong leadership candidate as Tim ready to take over.

“He has proved himself an enviable leader since joining and I am certain he will take the practice from strength to strength.

“Tim Fisher has done a fantastic job of leading our trade credit and surety practice and I am very grateful for his hard work and dedication over the years.”