The London and International Insurance Brokers’ Association (LIIBA) has announced the appointments of James Masterton and David Pexton to its Board of Directors, effective immediately.
Masterton is currently Chief Executive Officer (CEO) of Price Forbes and Partners, part of the Ardonagh Group of companies, while Pexton is CEO of Lonmar Global Risks.
With over 25 years’ experience in the re/insurance market, Masterton began his career in 1983 in London at Sedgwick, joining as a broker of property programs for North American corporations.
He later became a director of Sedgwick North America before moving to Prentis Donegan, where he led the combined non-marine groups for the merged Price Forbes Limited and Prentic Donegan & Partners.
Pexton, meanwhile, has over 30 years’ experience. He has been on the Board of Lonmar for 14 years and was Managing Director of the International and Agency Division before taking on the role of CEO.
Before joining Lonmar he was Managing Director of SBJ International Insurance Brokers, before which he worked as Director of Arthur J Gallagher International.
“In James and David, we have two senior executives with immense experience of the Lloyd’s and international insurance markets,” said Christopher Croft, CEO of LIIBA.
“They are two major figures from our independent wholesale community – whose voice must be represented in our work,” he continued.
“Their presence on the LIIBA board will be a huge asset during what is a turbulent period for both the market and UK commerce as a whole.”