Insurance expert Barry Gale joins Teneo as senior managing director

Global management consulting firm Teneo has strengthened its senior team with Barry Gale, who joins as a senior managing director in London.

“Barry is one of the most respected advisors in the global insurance legacy market, with an exceptional track record of advising on some of the sector’s most complex and significant transactions,” said Mike Morrison, co-chair of international financial centres at Teneo. “His deep expertise across legacy M&A, restructuring, insolvency and capital solutions further strengthens our ability to support insurers and investors as they navigate strategic, operational and regulatory challenges.”

A member of the firm’s financial advisory business, Gale will focus on restructuring and transactions work in the insurance sector. 

Throughout his career, he has advised insurers, reinsurers, investors and run-off acquirers on complex transactions across major insurance markets, including the UK, Continental Europe, the US, Bermuda, Australia and Hong Kong. He has supported more than 50 legacy deals with liabilities totalling in excess of $20 billion and has extensive experience in cross-border restructuring and insolvency matters.

Dan Butters, CEO of the financial advisory practice, added, “Barry’s appointment is another important step in the continued growth of our Financial Advisory business. As interest from private equity and specialist investors in the insurance sector continues to grow, Barry’s experience advising both carriers and investors on legacy transactions further strengthens our ability to support clients across the full transaction lifecycle.”

Prior to joining Teneo, Gale was global head of Aon Reinsurance’s legacy practice, a role he held since 2021, specialising in M&A and reinsurance deals in the insurance legacy/run-off sector. Before Aon, he was a Partner and Head of KPMG’s Insurance Restructuring practice, where he specialised in advisory, restructuring and insolvency work in the insurance sector for more than 20 years.

Commenting on his move, Gale said, “I am delighted to be joining Teneo .The combination of Teneo’s global platform, multidisciplinary expertise and strong position with financial services creates a compelling proposition for clients. I look forward to working with colleagues across the firm to help insurers, reinsurers and investors navigate complex transactions and strategic challenges in an increasingly dynamic market.”

Headquartered in the US, Teneo has more than 1,800 employees in 50+ offices around the world.