The reinsurance business of independent insurance broker Lockton has added Patrick Bousfield to its Bermuda office as a Senior Broker.
Bousfield joins Lockton Re from Gallagher Re in New York, where he led the firm’s cyber offering as part of its specialty team.
He has over 12 years of treaty and facultative experience working in various global re/insurance hubs including Toronto, Sydney, London and New York.
Commenting on the appointment, Jonathan Davies, CEO, Lockton Re Bermuda said, “We’re delighted to have Paddy joining our growing team at Lockton Re in Bermuda. Through interactions with clients and markets, we’ve highlighted the Speciality / Casualty market as an expanding area for Bermuda.
“Paddy’s background and success in Cyber and Specialty lines is a sign of our commitment to developing these capabilities locally. Paddy’s strong relationships, entrepreneurial flair and respected expertise is a great fit for our culture”.
Robert Bisset, Chairman, Global Retrocession & Property Specialty, Bermuda and Market Capital, added, “Paddy and our great team in Bermuda are working with colleagues globally to bring the best of Lockton Re to our clients and markets. The success we are having on the island and more widely has been testament to our focused strategy and exceptional talent.”
“While Paddy will be based in Bermuda, we operate as global teams in so much of what we do,” noted Keith Harrison, International CEO, Lockton Re.
“Paddy will be yet another lynch pin connecting our expertise in London, North America and Bermuda, for our Specialty and Casualty classes, and no more so than in Cyber reinsurance and retrocession.”
Nick Durant, North America CEO, Lockton Re, concluded, “We are invested heavily in Cyber, Casualty and Specialty lines expertise on both sides of the Atlantic and so further connecting that expertise with markets and clients in Bermuda is a natural extension. We look forward to working with Paddy.”