Lockton Re, the reinsurance arm of the global brokerage, has announced the appointment of Jonathan (Jonty) Davies as Chief Executive Officer (CEO) of its newly launched Bermuda office.
The launch of Lockton Re (Bermuda) Limited forms part of the broker’s growing global platform.
Davies joins the company from Aon Reinsurance Solutions where he most recently served as Head of Global Re Specialty Bermuda. After joining Aon in 2006, Davies has held numerous roles across property, casualty and specialty lines with the firm.
In 2010, he transitioned into the Global Re Specialty unit initially as a Mariner, before his focus became retro and property specialty.
Tim Gardner, Global CEO, Lockton Re, commented: “Bermuda is a key evolution in our strategy, building capability to service both Bermuda based clients as well as supporting our global client offering with Bermuda based expertise.
“Jonty’s reputation and experience are a great addition to our formidable team on the Island. Coupled with our strong London based Retrocession and Property Specialty team led by Matt Foreman and the support of Bob Bisset, who recently joined Lockton Re as Chairman for Lockton Re Bermuda, we have created a truly world class team.”
Robert Bisset, who was recently named Chairman, Global Retrocession & Property Specialty, Bermuda and Market Capital, said: “Great to have Jonty as part of our global team and Bermuda build out, joining other key appointments including Tom Parcell who joined in February as Chief Broking Officer, Vittoria Canale who joined last year as Operations Executive and Tucker Moore who joined in April as a Broker.”
Keith Harrison, International CEO, Lockton Re, said: “Our Bermuda platform is another milestone in the Lockton Re story which has clients and colleagues at its core. Jonty will oversee the development of our Bermuda expansion and connectivity, enhancing Lockton Re’s capabilities for both production and marketing of Global Retrocession, ILW’s, P&C and Specialty lines.”
Nick Durant, North American CEO, Lockton Re, added: “Across Lockton Re we are finding our clear focus on building a great culture, creating industry leading tools and capabilities, and hiring the best people is resonating with clients and supporting our continued growth. We are all looking forward to working with Jonty and the team in Bermuda and supporting this important reinsurance hub.”