Reinsurance News

Lockton bolsters transaction liability capabilities with new hires

19th May 2021 - Author: Katie Baker

Global re/insurance broker Lockton has announced key hires across its three transaction liability insurance product lines.

Eddie Kim, Paul Ahn, Emily Rosen and Nicole McCarthy all join Lockton’s Representations and Warranties (R&W) insurance practice.

Dan Berger joins Lockton from AIG, where he served as the lead tax insurance underwriter for North America and will now lead the broker’s tax liability insurance practice.

Berger’s prior experience as a tax attorney includes roles at Brookfield Asset Management, Moelis, and Proskauer Rose.

Joining Berger in the tax insurance practice is Yonatan Tammam, a fellow tax lawyer who joins Lockton most recently from Kirkland & Ellis.

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To head up its contingent liability and litigation insurance group, Lockton has hired Michael Perich.

Perich joins the firm after spending most of his career in the litigation funding industry, where he held roles at Gerchen Keller, Burford Capital and most recently, Westfleet Advisors, a litigation finance advisor and broker.

Perich’s hire illustrates Lockton’s commitment and innovative approach to utilising insurance capital to address its clients’ contingent liability and litigation exposures.

These hires follow Lockton’s addition of practice leaders which include Joshua Halpern, Eric Ziff, Gaurav Sud, and Matthew Heinz within the last six months.

Heinz commented: “We have witnessed a tremendous evolution in the tax insurance market in recent years. Clearly, the time is now for this market to enjoy the same explosive growth as the R&W insurance market has seen, and Dan and Yoni will navigate that market on behalf of Lockton’s clients to solve the most complex tax risks.”

Sud says of Perich: “There is no one else in our industry with Michael’s mix of litigation practice and litigation finance experience, and we can now offer our clients a perspective and capability that is wholly unique in our industry.”

Devin Beresheim, EVP Lockton Specialties added: “These hires signal Lockton’s unwavering commitment to addressing client needs and to building client-centric transaction liability insurance capacity for the long-term.

“Lockton is committed to establishing a next generation transaction liability practice that will anticipate client needs and prepare the insurance market for every eventuality—these hires are yet another step towards realising that goal.”

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