Reinsurance News


Lockton adds Nicholas King as President of Washington Office

23rd July 2020

Independent insurance and reinsurance brokerage, Lockton Companies, has announced the hiring of Nicholas King as President of Lockton Washington, based in Seattle. He joins the firm from Seattle based broker Parker, Smith & Feek where he led the company's Real Estate Practice, with a focus on institutional fund and multi-generation Real ... Read the full article

Lockton names WTW’s José Otávio as CEO of Brazil operations

1st July 2020

Global insurance and reinsurance broker Lockton has appointed José Otávio De Albuquerque Sampaio as Chief Executive Officer (CEO) of its Brazil operations. José Otávio takes over as CEO of Brazil at Lockton from Tony Gusmao, who has led the division for the past seven years and whose departure and relocation to ... Read the full article

Lockton Re adds Bissett & Foreman from Aon

10th June 2020

Lockton Re, the reinsurance broking arm of the privately held and independent intermediary, has added two senior appointments in Bob Bissett and Matt Foreman from Aon. The two senior London hires see the broker make steps towards the build-out of a new retrocessional reinsurance practice. Bissett has been with Aon for almost ... Read the full article

COVID-19 to boost demand for W&I coverage: Lockton

4th June 2020

Analysts at re/insurance broker Lockton believe that Warranty & Indemnity (W&I) insurance is likely to become more sought after in the coming months as a result of the COVID-19 pandemic. The firm noted that take up of W&I insurance in mergers and acquisitions (M&A) deals has already increased from 6% to ... Read the full article

Lockton Capital Markets appoints Ken Pierce as CEO

2nd June 2020

Lockton Capital Markets, a global investment bank and part of Lockton Companies, has announced the hiring of Ken Pierce as Chief Executive Officer (CEO), effective June 1st, 2020. In his new role, Pierce will be tasked with leveraging his 30 years of experience as a leader in the insurance and alternative ... Read the full article

Lockton Re names Martin Stephenson Chairman of Marine & Energy

20th May 2020

Global reinsurance broker Lockton Re has announced the appointment of Martin Stephenson as Chairman of Marine & Energy, effective July 2020. In his new role, Stephenson will report to Keith Harrison, International Chief Executive Officer (CEO) at Lockton Re, and will work closely with Jerry Ridge, Head of Marine & Energy ... Read the full article

Swiss Re announces Lockton Affinity as administrator for Tennessee LPL program

12th May 2020

Global reinsurance giant Swiss Re has selected Lockton Affinity, an affiliate of Lockton Companies, as the new program administrator for its Lawyer Professional Liability (LPL) insurance in Tennessee, U.S., effective June 1st, 2020. This program provides lawyers with a comprehensive Professional Liability solution through Swiss Re, with best-in-class administration from Lockton ... Read the full article

Lockton targets continued growth with new leadership structure

29th April 2020

Re/insurance brokerage Lockton has announced a new leadership structure designed to support the company's planned growth ambitions, including the appointment of Hiram Marrero as President, Global Growth Officer. Marrero currently serves as Executive Vice President and Regional Executive Officer at Lockton, and in his new role as President, Global Growth Officer, ... Read the full article

Lockton appoints JLT’s Harton to lead Irish business

23rd January 2020

Global re/insurance broker Lockton has appointed Amanda Harton as Chief Executive Officer and director of its Irish business. Harton will lead Lockton Insurance Brokers (Ireland) by helping clients manage their risk in real estate, insolvency, waste management, motor trade and hospitality. Lockton’s announcement states that LIBI will continue to expand its offering ... Read the full article

Lockton bolsters LatAm presence with exec hires

27th November 2019

Global insurance and reinsurance broker Lockton has added Andrew Perry and Ed Fyfe as senior Latin America executives, while also promoting Marcela Flores to form a new Lockton regional LatAm executive with effect from 1 May 2020. Perry joins from Marsh, having held various senior appointments including Chief Executive Officer of ... Read the full article

Lockton hires two from JLT for new APAC Transactional Risks Division

18th November 2019

Global insurance and reinsurance broker Lockton has launched a new Asia Pacific (APAC) Transactional Risks Division, and has appointed Will Seccombe as Business Leader based in Hong Kong, and Mindy Ng as Vice President, based in Singapore. Seccombe brings 30 years of experience in the insurance sector to Lockton, having joined ... Read the full article

Lockton adds David Spence as account exec

12th November 2019

Re/insurance broker Lockton has appointed David Spence as an account executive at its Aberdeen office. Spence joins with over 16 years’ experience, having spent over a decade at Carmichael & Partners prior to their acquisition by PIB Insurance Brokers in 2016. Following this, he was responsible for the servicing of existing clients ... Read the full article

Peter Clune appointed Lockton CEO

7th November 2019

Re/insurance broker Lockton has promoted Peter Clune to the role of Chief Executive Officer and appointed Ron Lockton as Chairman, effective May 2020. Clune has served with Lockton for over a decade and was most recently US President and Chief Operating Officer. He succeeds Ron Lockton, who is the son of Jack ... Read the full article

Lockton to provide Vizient members with P&C solutions

23rd October 2019

Re/insurance broker Lockton Companies has entered into an agreement with a subsidiary of Vizient, Inc., Vizient Insurance Services, LLC to offer property and casualty (P&C) insurance solutions and services for Vizient members. The contract became effective on July 1st, 2019 and under the terms of the agreement, Lockton now offers Vizient ... Read the full article

Casualty markets undergoing abrupt shift to profitability: Lockton

14th October 2019

Pricing adequacy has continued to increase across the US casualty re/insurance market, with some lines undergoing an abrupt shift to a renewed focus on profitability, according to global re/insurance brokerage Lockton. The umbrella and excess casualty markets in particular have seen a positive turn, Lockton said, with carriers now demanding higher ... Read the full article

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