Lockton Re, the reinsurance arm of independent insurance broker Lockton, has joined The Association of Bermuda Insurers and Reinsurers’ (ABIR) Broker Advisory Cabinet.
ABIR’s Broker Advisory Cabinet is a body that allows for collaborative efforts among Bermuda’s leading re/insurers and brokers to sustain the island’s successful international re/insurance market.
A privately held independent insurance broker with an entrepreneurial culture, Lockton Re launched a new office in Bermuda in June this year, led by Jonathan Davies, its CEO.
With the addition of Lockton Re, ABIR’s membership climbs to the highest number in the organisation’s 28-year history.
Marc Grandisson, Chairman of ABIR and CEO of Arch Capital Group, said: “The Bermuda re/insurance market welcomes expansion of the broker community and its contribution to our continuing growth. I am pleased to welcome Lockton Re to ABIR.”
Tim Gardner, Global CEO of Lockton Re, said: “Lockton Re is delighted to be joining ABIR and becoming part of this important business community on the island.
“Bermuda is both a key reinsurance hub and an important focus for the global insurance world. Our Bermuda platform is an essential evolution in our strategy, building capability to service both clients in Bermuda as well as supporting our global client offering with local expertise.
“We look forward to working with ABIR and its members as we both grow and support the global profile of Bermuda and re/insurance. I know our excellent team on the island, led by Jonathan Davies, our CEO there, as well as myself and the global Lockton Re team, are really looking forward to this new working partnership.”