Reinsurance News
Lockton
Lockton announces new additions to Transaction Liability Practice
3rd August 2022
Lockton has announced two new additions to its growing Transaction Liability Practice, suggesting the new hires will bring expertise in real estate transactions and tax matters as the broker continues to enhance its capabilities for its clients. Andrea Anderson joins Lockton as a Senior Vice President in the company’s Transaction Liability ... Read the full article
Marsh McLennan extends lead as top global broker based on 2021 revenues
6th July 2022
Marsh McLennan remains the world's largest re/insurance broker, in terms of total revenues, which reached a huge $19.8 billion for the firm in 2021, according to our directory of the Top 20 Global Insurance & Reinsurance Brokers, based on research data from A.M. Best. Year-on-year, Marsh McLennan's ... Read the full article
Lockton appoints new Director of Compliance Services
29th June 2022
Lockton Companies, the world's largest independent insurance brokerage firm, has appointed Beth Latchana as Director of Compliance Services. Within this role, she will lead Lockton’s expert team of attorneys who assist clients in navigating the increasingly complex benefits compliance landscape. Latchana is a seasoned expert in all areas of employee benefits compliance ... Read the full article
Lockton Financial Services appoints Millett as new CIO
21st June 2022
Lockton has appointed M. Machua Millett as chief innovation officer and alternative investment practice leader within its Lockton Financial Services (LFS) unit. Millett joins Lockton from Marsh, where he spent 12 years in a variety of leadership roles, most recently as chief innovation officer in the company's FINPRO Practice. Based in ... Read the full article
Lockton Re appoints Leader of Capital Markets
31st May 2022
Global insurance broker Lockton's dedicated reinsurance division, Lockton Re, has announced that Zach Breslin has joined the company as the Leader of Lockton Re Capital Markets. Within this role he will support the build out of the practice working closely with Robert Bisset - Chairman Global Retrocession & Property Specialty, Bermuda ... Read the full article
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