Reinsurance News
Lockton
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
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