Reinsurance News

Lockton Re

Lockton Re analytics platform receives US Patent

7th November 2023

Lockton Re, the reinsurance arm of the independent insurance broker, has announced that its analytics platform, SAGE, has been awarded a US Patent. This patent is for systems and methods for custom and real-time visualization, comparison, and analysis of insurance and reinsurance structures. Claude Yoder, Global Head of Analytics, Lockton Re, commented: ... Read the full article

Lockton Re appoints Mark Wilkinson as International Head of Analytics

26th October 2023

Lockton’s reinsurance business, Lockton Re, has appointed Mark Wilkinson as the International Head of Analytics, based in London. Wilkinson has over 25 years of insurance and reinsurance expertise. He most recently served as the Head of UK Actuarial at re/insurance broker Aon. Prior to that, Wilkinson was Head of Actuarial at Aon Global ... Read the full article

Lockton Re signs agreement with Supercede to refine its reinsurance data

17th October 2023

Global reinsurance broker Lockton Re has signed a long-term agreement with Supercede to refine its reinsurance data. Lockton Re said it has now become the first major reinsurance broker to adopt wholesale usage of Supercede's treaty data preparation platform, having seen an increase in adoption among their mutual clients. The firm added, ... Read the full article

Lockton Re launches global mortgage and structured credit segment

13th September 2023

Global reinsurance broker Lockton Re has announced the launch of its Global Mortgage and Structured Credit segment, which will be co-led by Sean Hannah and Joe Koebele. Nick Durant, CEO, North America, Lockton Re, commented on the new segment, “We are excited to introduce our Mortgage and Credit offering to the ... Read the full article

Separating first party cyber reinsurance can increase participation, says Lockton Re

11th September 2023

Global reinsurance broker Lockton Re has released a new report which discusses the benefits of breaking the cyber peril into requisite parts, an approach the broker says can potentially improve the access to capital and expertise. Titled 'The All Risk Cyber (ARC) Challenge: An Assessment to Simplify Cyber Reinsurance,' Lockton Re's ... Read the full article

Lockton Re hires Sarah Willmont as a Senior Broker

10th September 2023

Reinsurance broker Lockton Re has hired Sarah Willmont as a Senior Broker, working within the firm's Retrocession and Property Specialty unit as well as supporting the London Market and Global production activity. Willmont will be based in London and joins the broker in October 2023. She brings more than two decades of ... Read the full article

Lockton Re expands partnership with CyberCube

1st August 2023

Innovative cyber risk analytics leader CyberCube has deepened its collaboration with Lockton Re, the reinsurance arm of the world's largest privately held independent insurance broker. Lockton Re's decision to license CyberCube's cutting-edge Industry Exposure Databases signifies a pivotal step in bolstering their cyber risk modeling and analytics solutions. CyberCube's Industry Exposure Databases ... Read the full article

Climate change makes it challenging to predict storm dynamics: Lockton Re

21st July 2023

Underlying climate related changes are making it challenging to predict storm dynamics; as some of those changes are becoming more evident, the likelihood of loss causing storms has also increased, according to new research by Lockton Re. Lockton's reinsurance business has recently launched a new research series focused on the hurricane ... Read the full article

Lockton Re sees double-digit organic growth in FY23

29th June 2023

Lockton's reinsurance business, Lockton Re, has seen a double-digit organic growth, contributing to the growth in global revenue to $3.1 billion for FY23. The independent insurance broker has reported revenue growth of 17% on a constant currency basis, with reported organic revenue growth at 16% for its fiscal year ending April ... Read the full article

Lockton Re appoints Chris Parish as Market Innovation Leader

26th June 2023

Lockton Re, the reinsurance division of insurance broker Lockton, has appointed Chris Parish as Market Innovation Leader, where he will be based in the company's London office. In the role, Parish will work with a variety of colleagues across the globe. He will report to Claude Yoder, Global Head of Analytics ... Read the full article

Lockton Re hires Cunningham from Liberty to lead NA Property Fac

5th June 2023

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 ... Read the full article

Guy Carpenter’s Jaimie Hunter joins Lockton Re as Senior Broker in new Stamford location

2nd May 2023

Lockton Re, the reinsurance division of insurance broker Lockton has appointed Jaimie Hunter as a Senior Broker, where she will be based in the company's new Stamford, Connecticut location. In this new role, Hunter will support client development, with a particular focus across Lockton Re’s Casualty business in North America on ... Read the full article

Now is the time for cyber ILS: Lockton Re

21st February 2023

In a joint report with CyberCube and Envelop Risk, Lockton Re has highlighted how Insurance-Linked Securities (ILS) can support additional re/insurance capacity for cyber risk, and why it now has the momentum to succeed. Lockton Re's report, 'Unlocking Potential', notes that there have been discussions for many years on the potential ... Read the full article

Matthew Silley joins Lockton Re’s growing cyber practice

3rd February 2023

Global insurance broker Lockton’s dedicated reinsurance division, Lockton Re, has appointed Matthew Silley as a broker in the Cyber Practice of the firms Specialty division. Silley joins Lockton Re from Axis Capital, where he most recently held the role of Cyber Portfolio Management Leader. Overall, he brings over 10 years of industry ... Read the full article

Lockton Re hires Ben Ryan to new London role

10th November 2022

Lockton Re has hired Ben Ryan as a senior broker within its non-marine retrocession and property specialty team in London. The firm said in a statement that Ryan began his career as part of the graduate programme at Aon’s reinsurance solutions. He then joined the non-marine retrocession team in 2015 and ... Read the full article