Reinsurance News
Lockton Re
Lockton Re Capital Markets hires Brendan Roche as Head of Distribution
15th March 2024
Lockton Re Capital Markets (LRCM) has appointed Brendan Roche as Head of Distribution, where he will be based in Europe. Roche holds over 25 years of experience in the industry, having previously served as SVP at GC Securities, and an almost 14-year tenure at Marsh, chiefly as Global Leader of ILS ... Read the full article
Lockton Re appoints Brian Lewis to lead Cyber Practice in North America
5th March 2024
Lockton Re, the reinsurance arm of the privately held independent insurance broker, has appointed Brian Lewis as Senior Broker leading the Cyber Practice for North America, based in the firm's New York office. Lewis has deep expertise in cyber and has over two decades of insurance broking and underwriting experience. Most ... Read the full article
Lockton Re bolsters cyber team with two new appointments
10th January 2024
Lockton Re, the reinsurance business of independent insurance broker, Lockton, has announced that Jacqueline Yeo has joined the firm as Cyber Analytics Lead, while Annie Terry has joined as a Broker, dedicated to Cyber risk. Yeo holds two and a half decades of experience in the London market and has been ... Read the full article
Florida building codes reducing hurricane loss potential: Lockton Re
14th December 2023
A new report from reinsurance broker Lockton Re has highlighted how building codes in Florida are seen as a significant factor in reducing the potential insurance industry loss from hurricanes. Improvements in recent years have seen modelled loss estimates drop, the broker said. A new report recently released from the company showcases ... Read the full article
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