Reinsurance News

Lockton appoints Head of Facilities & Binders to drive P&C Specialty division

9th February 2023 - Author: Jack Willard

Insurance broker Lockton has appointed Michael James as Head of Facilities & Binders within its London Property & Casualty (P&C) Specialties division, effective immediately.

Reporting to Adam Watson, Head of North American Property, James will be heavily involved in branching out the P&C Specialties’ binders and facilities business, focusing on strategic cross-class growth areas for the division, including North American P&C.

Overall James brings more than 30 years of London Market experience towards the role. Throughout his career he worked across both broking and underwriting disciplines, having overseen business originating from a range of geographies.

He joins Lockton after 10 years of service at Chesterfield, where he was a North American Binders & Facilities broker and took a leading role in establishing the direction and expansion of that book of business.

Prior to Chesterfield, he was an underwriter and Head of North America at Markel, where he was based in London.

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Simon Scholfield, Partner, Head of P&C Specialities at Lockton, commented “Michael is a fantastic addition to the P&C Specialties team. His performance to date of building and growing profitable facilities and binders business, particularly in North America, perfectly complements the wealth of talent and expertise Lockton is already home to, and will place us well to excel in a time of strategic and sustainable growth. I am delighted to welcome Michael to the team and, with his added skills, look forward to providing an even more specialist service.”

Addressing his appointment, James, said: “It is an exciting time to join Lockton, as demand grows for hyper-focused, tailored solutions in the facilities and binders space. To bring those solutions to market requires flexibility and a nimble approach, which is what attracted me to Lockton, as the world’s largest independent broker. It is a pleasure to join Simon and the rest of the team, I cannot wait to get started.”

James’ appointment marks the latest addition to Lockton’s rapidly expanding P&C Specialties division, following the appointment of Robert Rechtern, Head of Accident & Health, Sports and Contingency in October 2022.

Additionally, Lockton also recently appointed Ryan Willis as Existing Business Team Manager within its Commercial Wholesale team.

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