Independent insurance brokerage firm, Lockton Australia, has announced the launch of its new business unit – Lockton Advisory.
Lockton Advisory will aim to deliver risk, capital and placement services to the (re)insurance industry, as well as to corporate clients requiring bespoke insurance products across Australia, New Zealand and Pacific.
The CEO of Lockton Pacific, Paul Marsden, says the initial focus will be on reinsurance (both treaty and facultative), MGA solutions including capital management, placement, strategic advisory and innovative risk transfer products.
He added: “Lockton Advisory brings an innovative and aligned approach to the increasingly complex needs of those operating within the (re)insurance sector, as well as those reliant on its services.
“As a family-owned organisation, we deliberately invest in areas where we know we can make the greatest difference with client advocates who advance our undeniable commitment to client service. The new team forming Lockton Advisory share this absolute focus on clients.”
Lockton Advisory will also consist of a team of highly experienced local specialists and industry leaders. This includes John Philipsz who joins as the unit’s CEO, alongside Partners Russell Hails and Max Garratt.
Philipsz has 25 years of experience within the industry, primarily working within capital markets, advisory, and reinsurance. Before joining Lockton Advisory, he was the CEO of Willis Reinsurance Australia, as well as being the co-head of Asia-Pacific for Willis Capital Markets & Advisory.
Addressing these new appointments, Marsden said: “I am delighted to welcome John, Russell and Max to Lockton. They are outstanding, client-first professionals with a proven track record, exceptional reputation and network of long-standing global relationships who will significantly enhance our specialist capabilities and offer even greater value to clients in the region. We’re putting deep specialisation and experience in front of clients. Experience our clients can rely on and trust.”
Addressing this major business launch, Lockton Advisory CEO John Philipsz said: “The (re)insurance market and those dependent on its services, are navigating increasingly diverse objectives spanning financial outcomes as well as environmental, social and governance responsibilities. Lockton Advisory is uniting a team that will provide clients with expert advice, contemporary solutions and execution excellence in meeting these goals.”