Reinsurance News
Lockton
Lockton is a leading global insurance and reinsurance intermediary. The reinsurance broking arm is named Lockton Re. The company provides broking and advisory capabilities across a wide-range of insurance and reinsurance products.
Read all of our Lockton insurance or reinsurance news and analysis below.
Lockton names Tim Meacham as President of People Solutions
4th February 2025
Independent insurance broker Lockton has announced the appointment of Tim Meacham as the President of People Solutions. In his new role, Meacham will lead the vision and strategic direction of Lockton's People Solutions business across the US. Tim Ryan, U.S. President at Lockton, expressed enthusiasm for Meacham’s appointment, stating, "We are thrilled ... Read the full article
Lockton hires Ritu Sakuja as SVP, Product Management
27th January 2025
Insurance brokerage firm Lockton has announced the appointment of Ritu Sakuja as Senior Vice President, Product Management. Sakuja, who has over two decades of experience in product strategy and management, will be responsible for accelerating the delivery of innovative digital products for Lockton's People Solutions business. Lockton will benefit from the executive’s ... Read the full article
Christina Ong joins Lockton Asia as Executive Director
7th January 2025
Independent insurance broker Lockton has appointed Christina Ong as an Executive Director for Lockton Asia, effective immediately, based in Singapore. Ong joins the broker with four decades of industry experience across Asia and Europe. She will report to Frederic Boles, the Head of ProExec and Credit, and Sung Wook Han, Regional Head ... Read the full article
Aon’s Luke Speight joins Lockton as UK Head of Fintech and Digital Assets
18th December 2024
Independent insurance broker Lockton has appointed Aon's Luke Speight as UK Head of Fintech and Digital Assets. In his new role, Speight is expected to spearhead a team of industry experts providing tailored risk and insurance solutions to fintech and digital asset companies as they navigate their emerging risk landscape. Speight's expertise ... Read the full article
US commercial insurance to remain stable, property performs despite cat losses: Lockton
17th December 2024
According to a new Lockton Market Update report, while the US commercial insurance market remains generally stable and predictable for buyers, a sense of fragility persists as insurers and business leaders monitor natural catastrophes, rising social inflation, and an uncertain geopolitical landscape. Lockton, the independent insurance broker, also highlights US economic ... Read the full article
Lockton launches new Global Parametric Insurance Practice
16th December 2024
Independent insurance broker Lockton has unveiled its new Global Parametric Insurance Practice, created to help businesses adopt cost-effective alternative risk solutions, and address the widening gap between insured and uninsured losses. The initiative brings together a team of experts, including data scientists and modelers, that are dedicated to creating efficient, customised ... Read the full article
Lockton enters Indian market with acquisition of Arihant Insurance Broking Services
29th October 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has granted independent insurance broker Lockton regulatory approval for the acquisition of Arihant Insurance Broking Services Limited. Lockton’s strategic expansion into the Indian market aligns with its broader vision to enhance its footprint in key emerging markets, aligning with the company's commitment ... Read the full article
Lockton launches dedicated Offshore Projects Practice
2nd October 2024
Independent insurance broker Lockton has launched a new dedicated Offshore Projects Practice to navigate complex Energy, Marine and Power risks, to be headed by Jack Swift, David Vajnai and Alex Morgan. The offshore industry faces challenges in securing capital and insurance due to the costly claims profile of offshore wind and ... Read the full article
US commercial insurance market conditions favour buyers despite uncertainty: Lockton
25th September 2024
According to the latest Lockton Market report, US commercial insurance market conditions favour buyers across most lines of coverage, however, a sense of uncertainty in terms of both the economy and the insurance marketplace looms over the industry. Despite overall favourable conditions, liability remains a significant exception with loss costs continuing ... Read the full article
Lockton secures regulatory approval for Colombian reinsurance operations
19th September 2024
Privately held insurance brokerage firm Lockton has entered the Colombian reinsurance market as it has received regulatory approval to operate a reinsurance brokerage business in the country. The new venture is expected to bring numerous benefits to the broker’s clients, including access to a broader range of reinsurance products, enhanced risk ... Read the full article
Business infrastructure needs to be fortified to ensure the highest possible service levels: Lockton Re
9th September 2024
Reinsurance broker Lockton Re is planning to add between 80 to 90 new people to the company this year as part of its growing strategy as it focuses on growing the business’ infrastructure to deliver “the highest possible service levels.” “We continue to hire pretty dramatically. Although there has been a ... Read the full article
Tim Ryan appointed Lockton U.S. President
7th August 2024
Independent insurance broker Lockton has appointed Tim Ryan to oversee the firm’s largest region as U.S. President, effective immediately. In his new role, Ryan will use his deep knowledge and expertise to drive growth, develop strategy, set priorities, and nurture culture for Lockton’s U.S. business. He will also work with the U.S. ... Read the full article
Chris Brown promoted to CEO of Lockton Intl.
5th August 2024
Industry veteran Chris Brown has been appointed CEO of Lockton International, where he will oversee Europe, Latin America, Asia, Pacific (Australia & New Zealand), and Middle East and North Africa (MENA). Boasting over a decade of leadership experience, as well as a solid track record across the industry, Brown will play a ... Read the full article
Lockton appoints Sung Wook Han as Regional Head of Marine for Asia
1st August 2024
Independent insurance broker Lockton has announced the appointment of Sung Wook Han as Regional Head of Marine for Asia. Sung started his new role on August 1st, having joined Lockton from WTW, where he most recently served as Head of International Hull, based in London. During his 15-year tenure with WTW, Sung was ... Read the full article
Travis Leonard to succeed Troy Cook as Lockton CFO
8th July 2024
Independent insurance broker Lockton has announced the appointment of Travis Leonard as Chief Financial Officer (CFO), succeeding Troy Cook who has occupied the role since 2020. He will take over his new role from July 8, 2024, and will work closely with Cook to execute a transition of duties and an ... Read the full article
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