Reinsurance News


Lockton launches proprietary workers’ compensation consulting process

10th March 2023

Insurance brokerage Lockton has announced the launch of Lockton 360, a proprietary workers' compensation consulting framework. The service is designed to help employers address one of their most important and potentially costly risks. Typically, workers’ compensation losses are one of the largest controllable expenses that any organisation can face. The losses can ... Read the full article

Lockton binds first risks on PPL Next Gen with Markel International

8th March 2023

Following the live launch of the Placing Platform Limited (PPL) Next Gen platform this week, Lockton has announced that it has bound the first risk on the platform with Markel International. The risk was placed by Lockton’s Profin team and was 100% underwritten by Duncan Sinnott of Markel International. Carl Smith, Head ... Read the full article

Lockton launches new Affinity Schemes business

22nd February 2023

Global insurance broker Lockton has announced the launch of a new Affinity Schemes business in Australia, New Zealand and Pacific to be led by Tanya Dasgupta. “In a digital world, customer needs and expectations grow fast and far outpace current market offerings,” said Paul Marsden, Lockton Chief Executive Officer (Australia and ... Read the full article

Lockton appoints Head of Facilities & Binders to drive P&C Specialty division

9th February 2023

Insurance broker Lockton has appointed Michael James as Head of Facilities & Binders within its London Property & Casualty (P&C) Specialties division, effective immediately. Reporting to Adam Watson, Head of North American Property, James will be heavily involved in branching out the P&C Specialties’ binders and facilities business, focusing on strategic ... Read the full article

Lockton appoints Ryan Willis to its UK Commercial Wholesale team

2nd February 2023

Independent insurance broker, Lockton has appointed Ryan Willis as Existing Business Team Manager within its Commercial Wholesale team, with immediate effect. In his new role, Willis will be responsible for leading and motivating the Wholesale Existing Business team. He will oversee the day-to-day operations and performance of the team, communicating the ... Read the full article

Lockton launches Sweden office to expand Nordic footprint

27th January 2023

Insurance broker Lockton has announced the opening of a new office in Stockholm, Sweden, as part of the firms expanding proposition to clients in the region. Lockton stated that the office is expected to be operational by the end of January, following the arrival of two key hires and industry experts, ... Read the full article

Property casting a major shadow over re/insurance market: Lockton

20th December 2022

Insurance and reinsurance broker Lockton has released a report suggesting the property sector is casting a major shadow over the market, despite conditions in other lines remaining largely predictable. In its report, Lockton explains that the P&C insurance market was previously on a path toward stabilisation before the event of Hurricane ... Read the full article

Lockton appoints Ben Milan VP & Surety Practice Leader

14th December 2022

Lockton, a privately-owned independent insurance broker, has announced the appointment of Ben Milan as Vice President and Surety Practice Leader within the Lockton Global Real Estate & Construction (GREAC) division. In his new role, Milan will be responsible for running the Lockton Surety Practice for the UK and Ireland, this includes ... Read the full article

DXC unveils new broking platform, announces Lockton as first customer

12th December 2022

DXC Technology has unveiled its new global digital broking platform – DXC Assure Broking, with independent insurance brokerage, Lockton as it’s first customer. Lockton is using DXC’s cloud-based platform for its UK retail business with a view to expanding across other geographies and sectors. Running on Amazon Web Services (AWS), DXC Assure ... Read the full article

Sara Romine joins Lockton as US General Counsel

8th December 2022

Insurance and reinsurance broker Lockton has announced the addition of Sara Romine as US General Counsel, based in Kansas City. Romine succeeds Ann Abercrombie, who retired in May after 18 years with Lockton. She joins Lockton from AT&T, where she was an Assistant Vice President within the company's legal department. Previously, Romine was ... Read the full article

“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