Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, has announced the appointment of Gregg Cunningham as a Senior Broker and its new North American Property Facultative Leader.
Cunningham will be based in New York and will be reporting to Rob McNamara, Senior Broker and North American Facultative Leader of Lockton Re.
Cunningham is a market veteran with more than three decades of property insurance and reinsurance experience.
At Lockton Re, he will be responsible for leading the broking efforts of the company’s North American property facultative team.
Nick Durant, the CEO of Lockton Re North America commented on the hire, “As Lockton Re continues on our mission to bring in top-tier, client-focused talent, we are extremely excited that Gregg has joined our team. His acumen in the property market is unparalleled and his knowledge of both the primary and reinsurance arenas make him a trusted partner with both clients and reinsurers.”
Prior to this move to Lockton Re, Cunningham served at Liberty Mutual Insurance, for nearly six years, as the Executive Vice President, leading Liberty’s National Property Practice.
Earlier, he spent more than 16 years in various senior property underwriting roles with Travelers.
Cunningham has also held property facultative and treaty leadership positions at CNA Re, Swiss Re and Munich Re. He began his career in 1990 with National Re.
Rob McNamara commented, “This appointment bolsters an already formidable industry-leading facultative team, one that includes Craig Wadman, Lockton Re North American Casualty Facultative Leader. Wadman, who joined the company in February 2022, has nearly 25 years of casualty experience and, like Cunningham, has a deep understanding of both the primary and reinsurance markets. Lockton Re continues to build our facultative business with the best qualified industry-leading individuals, including Craig, and now with Gregg in his new role, along with our entire staff.”
Durant concluded, “These strategic moves – along with our client-first focus and significant investments in technology – continue to underscore our unwavering commitment of being best-in-class with respect to serving our clients’ needs in this ever-changing and challenging landscape.
