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Teneo hires Barry Gale to lead financial advisory in insurance

Gale, based in London, will focus on restructuring and transactions in the insurance sector, building on his background advising legacy reinsurance and run-off deals totaling more than $20 billion in liabilities.

Reported · Written up by our desk · Industry & Deals

Global advisory firm Teneo appointed Barry Gale as Senior Managing Director for its Financial Advisory business, with the role based in London and focused on restructuring and insurance-sector transactions, Reinsurance News reports.

According to the firm, Gale previously served as Global Head of Aon Reinsurance’s Legacy practice since 2021, specializing in mergers and acquisition activity and reinsurance deals tied to legacy and run-off portfolios.

Before joining Aon, Gale was a Partner and Head of KPMG’s Insurance Restructuring practice, where he advised on restructuring and insolvency matters in insurance for more than two decades.

Teneo said Gale has supported more than 50 legacy deals involving liabilities of over $20 billion, and that his appointment strengthens Teneo’s ability to support insurers, reinsurers, and investors amid strategic, operational, and regulatory challenges.

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