Reinsurance News

Lockton

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

Oil & gas price surge heightens risk of underinsurance: Lockton

14th April 2022

Peter Hall, Head of Marine Cargo & Logistics at Lockton, has warned that the surge in oil and gas prices as a result of international sanctions on Russia could heighten the risk of underinsurance. Commenting on the conflict and its implications for the global re/insurance industry, Hall noted that failure to ... Read the full article

Lockton names Michelle Faylo as new US cyber and tech leader

31st March 2022

Lockton has named Michelle Faylo as its new US cyber and technology leader. The company said in the announcement that Faylo would lead Lockton's team of cyber specialists, delivering solutions to global businesses that face increasingly complex cyber risks. Devin Beresheim, executive vice president of specialty practices at Lockton, said: “Michelle is ... Read the full article

Lockton Australia launches a new advisory business

14th March 2022

Independent insurance brokerage firm, Lockton Australia, has announced the launch of its new business unit – Lockton Advisory. Lockton Advisory will aim to deliver risk, capital and placement services to the (re)insurance industry, as well as to corporate clients requiring bespoke insurance products across Australia, New Zealand and Pacific. The CEO of ... Read the full article

Lockton buttresses transaction liability group

1st March 2022

Lockton has appointed Annie Heiss and Alex Connelly to join its Transaction Liability group. The pair, joining in yet-undisclosed roles, will be joining several other hires over the last six months, including Isaura del Carmen, John Burkinshaw, Owen Hern, Nicholas Hill, and Craig Leonhardt. Other Lockton hires have been Craig Wadman, ... Read the full article

Lockton names Marsh’s Andy Conti as SVP, Complex Casualty

2nd February 2022

Global insurance broker Lockton has named Andy Conti as Senior Vice President, Complex Casualty, based in the firm’s Chicago office. Conti brings over 20 years of experience to Lockton with various roles in the industry ranging from leadership, growth and consulting. He joins from Marsh where he spent 17 years within the ... Read the full article

Lockton Re hires Aon’s Rob Kreager

19th January 2022

Global insurance broker Lockton's dedicated reinsurance division, Lockton Re, has appointed Rob Kreager as a Senior Broker and Accident, Health & Life segment leader. Kreager joins the company from insurance and reinsurance broker Aon, where he most recently served as a Managing Director & Co-Leader of Accident, Health & Life Global ... Read the full article

Lockton New Zealand names Peter Lowe as CEO

30th November 2021

Independent insurance broker Lockton New Zealand has appointed Peter Lowe as Chief Executive Officer. A qualified Chartered Accountant, Lowe has a background in alternative risk financing and reinsurance design, and has managed large global insurance programmes, including the design and placement of risk financing programmes. Previously the CEO, Director and Senior Vice President ... Read the full article

Lockton Re bolsters non-marine retro & property specialty unit in London

5th November 2021

Global reinsurance broker Lockton Re has announced the additions of Simon Moore and James Boon to its Non-Marine Retrocession and Property Specialty division in London. Moore joins the firm as a Senior Broker with almost 30 years of experience in both London and Bermuda across underwriting and broking. He started his career ... Read the full article

Lockton launches Crisis Management division

20th October 2021

Insurance broker Lockton has launched its specialist Crisis Management division, working closely with clients globally to understand and manage their exposures. Matt Humphries will be leading the dedicated Crisis Management unit within Lockton’s Wholesale Property & Casualty (P&C) division to initially encompass Product Recall, Terrorism/Political Violence and Special Contingency (K&R) product ... Read the full article

Lockton launches business-focused silent cyber property solution

19th October 2021

Independent insurance broker Lockton has launched its Silent Cyber Property Solution, a standalone policy that covers businesses against property damage and ensuing time element losses resulting from cyber-attacks or cyber terrorism. The broad form policy blends the standard wording found in both property and cyber policy forms. It can be purchased through ... Read the full article

Lockton Re adds Gallagher Re’s Patrick Bousfield to Bermuda office

8th October 2021

The reinsurance business of independent insurance broker Lockton has added Patrick Bousfield to its Bermuda office as a Senior Broker. Bousfield joins Lockton Re from Gallagher Re in New York, where he led the firm's cyber offering as part of its specialty team. He has over 12 years of treaty and facultative ... Read the full article