Reinsurance News

Lockton appoints first Head of Claims for Transactional Liability

3rd August 2021 - Author: Luke Gallin

Global insurance and reinsurance brokerage, Lockton, has announced the appointment of Mark Schwartz to the newly created role of Head of Claims for its Transaction Liability Practice.

mark-schwartz-locktonIn his new role, Schwartz will work closely with the company’s clients to advise them through the claims process to optimise their outcome.

He will be expected to build out Lockton’s claims advocacy capabilities to walk clients through a claim with objective advice and counsel.

Most recently, Schwartz practiced as a partner with Porter Wright Morris & Arthur, having previously practiced with Jenner & Block in Chicago.

He brings more than two decades of extensive insurance and financial services litigation experience to the role. During his career, he has represented clients in disputes arising from alleged fraud and breaches of representations and warranties (R&W) during M&A, and advised carriers on R&W claims.

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Eric Ziff, Partner and co-leader of Lockton’s Transaction Liability Practice, commented: “As we continue to grow our practice, I am excited to welcome Mark to our team.

“He has an impressive track record representing insurers in high-stakes litigation. Our clients will be in incredibly capable hands with Mark guiding them through this most pivotal moment in the lifespan of their insurance policy.”

Said Taiym, Lockton’s U.S. Chief Operating Officer (COO), said: “We are hyper focused on what our clients need and continue to invest in new resources to provide a world class service offering. This addition to our industry-leading transaction liability team ensures our clients have dedicated and expert support in every step of the process.”

Schwartz added: “I look forward to joining a company and team that is truly unmatched in the industry. With Lockton’s platform of independence, innovation, and entrepreneurial spirit, there is no limit to the difference we can make in how our clients approach their transactions.”

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