Reinsurance News

Lockton

“Frenzy” of deals yields mixed outcomes for transactional risk insurers: Lockton

18th November 2022

Dealmakers continued with a “frenzy” of transactions over the latter half of 2021 and into 2022, leading to both positives and negatives in the transactional risk market, according to the latest market update from re/insurance broker Lockton. PwC figures show a 24% increase in deal activity from 2020, and Lockton Transactional ... Read the full article

Lockton hires Rechtern from Aon UK to lead A&H, Sports and Contingency

2nd November 2022

Insurance and reinsurance broker Lockton has hired Robert Rechtern, formerly of Aon UK, to be its new Head of Accident & Health (A&H), Sports and Contingency within its Wholesale Property & Casualty (P&C) segment, effective November 2nd, 2022. In his new role, Rechtern assumes responsibility for maintaining the growth of the ... Read the full article

Lockton Re appoints Oliver Brew as Cyber Practice Leader, London

18th October 2022

Global insurance broker Lockton’s dedicated reinsurance division, Lockton Re, has appointed Oliver Brew in a new role as Cyber Practice Leader in London. Brew brings more than 20 years of industry experience towards the role. He joins from CyberCube where he most recently served as Head of Client Success as part ... Read the full article

Lockton launches new custody insurance facility for digital asset clients

14th October 2022

Independent insurance brokerage Lockton, has launched a new industry-leading custody insurance facility available exclusively to its digital asset clients. Developed by Lockton's Emerging Asset Protection (LEAP) team in collaboration with leading global custody insurers, the facility is supported by Lloyd's syndicates, together with highly rated insurance companies. The facility will be able ... Read the full article

Underinsurance risk in resurgent hospitality sector: Lockton

25th August 2022

Amidst the hospitality sector's recovery from the pandemic and rising inflation, re/insurance broker Lockton has warned businesses to closely evaluate building reinstatement values to avoid being inadvertently underinsured. The hospitality industry's financial prospects have significantly improved this summer thanks to increased demand and a decrease in COVID-19 restrictions. However, Lockton warns that ... Read the full article

Lockton makes two senior appointments in Nashville & Tennessee

18th August 2022

Insurance and reinsurance broker Lockton has made two senior appointments in Nashville & Tennessee. The company has announced that Barry Boster has been appointed Vice President and Producer to the firm's Nashville office, as well as Jay Brown who has been appointed to the firm's Nashville and Memphis offices as President, ... Read the full article

Lockton announces new additions to Transaction Liability Practice

3rd August 2022

Lockton has announced two new additions to its growing Transaction Liability Practice, suggesting the new hires will bring expertise in real estate transactions and tax matters as the broker continues to enhance its capabilities for its clients. Andrea Anderson joins Lockton as a Senior Vice President in the company’s Transaction Liability ... Read the full article

Marsh McLennan extends lead as top global broker based on 2021 revenues

6th July 2022

Marsh McLennan remains the world's largest re/insurance broker, in terms of total revenues, which reached a huge $19.8 billion for the firm in 2021, according to our directory of the Top 20 Global Insurance & Reinsurance Brokers, based on research data from A.M. Best. Year-on-year, Marsh McLennan's ... Read the full article

Lockton appoints new Director of Compliance Services

29th June 2022

Lockton Companies, the world's largest independent insurance brokerage firm, has appointed Beth Latchana as Director of Compliance Services. Within this role, she will lead Lockton’s expert team of attorneys who assist clients in navigating the increasingly complex benefits compliance landscape. Latchana is a seasoned expert in all areas of employee benefits compliance ... Read the full article

Lockton Financial Services appoints Millett as new CIO

21st June 2022

Lockton has appointed M. Machua Millett as chief innovation officer and alternative investment practice leader within its Lockton Financial Services (LFS) unit. Millett joins Lockton from Marsh, where he spent 12 years in a variety of leadership roles, most recently as chief innovation officer in the company's FINPRO Practice. Based in ... Read the full article

Lockton Re appoints Leader of Capital Markets

31st May 2022

Global insurance broker Lockton's dedicated reinsurance division, Lockton Re, has announced that Zach Breslin has joined the company as the Leader of Lockton Re Capital Markets. Within this role he will support the build out of the practice working closely with Robert Bisset - Chairman Global Retrocession & Property Specialty, Bermuda ... Read the full article

Reinsurers set to retain more secondary exposure: Lockton’s Scholfield

19th May 2022

Simon Scholfield, Partner, Head of Wholesale P&C at Lockton Companies, has warned that some reinsurers are likely to find themselves retaining more secondary peril exposure, as appetite for property catastrophe risks remains uncertain in the retrocession markets. Looking at the state of the North American Property market through H1 2022, Scholfield ... Read the full article

Lockton posts record Q1 revenue growth

17th May 2022

Insurance and reinsurance broker Lockton has posted record revenue growth of 27% over the period from Q1 2021 to Q1 of this year, most of which was organic revenue growth. The company reported revenue of $2.69 billion for the first quarter of 2022. "Our results are the outcome of being comprised of ... Read the full article

Lockton positions for growth with new international leadership structure

25th April 2022

Insurance and reinsurance broker Lockton has made some changes to its international leadership, including the appointment of EJ Hentenaar as Chief Executive Officer (CEO) of Europe as Chris Brown takes on the role of President of Lockton International. Hentenaar currently serves as Head of Global Financial Risks at Lockton and assumes ... Read the full article

Lockton launches Insights & Innovation Lab

14th April 2022

Global re/insurance broker Lockton has launched a new Insights & Innovation Lab for People Solutions, where a new team of experts will focus on helping its clients make improvements to their businesses. With healthcare and benefits complexity continuing to increase, Lockton says employers are searching for innovative solutions that help them ... Read the full article