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 sees 15% rise in revenue as its reinsurance arm achieves impressive growth in FY24
25th June 2024
Lockton, Inc., the independent and privately held insurance brokerage, has reported global revenue of $3.55 billion for its fiscal year to April 30th, 2024, supported by solid growth at its reinsurance arm, Lockton Re. Overall, Lockton saw a 15% rise in global revenue from the $3.09 billion seen in the prior ... Read the full article
Paul Jones takes charge of Lockton UK’s specialised Parametrics Practice
7th June 2024
Insurance brokerage Lockton has appointed Paul Jones as the leader of Parametric Solutions for the UK & Europe in its Property & Casualty (P&C) Specialties division. Jones commented: “I am thrilled to be joining Lockton to develop its Parametric proposition to clients. It is a really exciting time to come on ... Read the full article
Lockton appoints Brendan Fitzpatrick as new VP, Cyber Risk Consultant
24th May 2024
Lockton, an independent insurance broker, has appointed Brendan Fitzpatrick as Vice President (VP), Cyber Risk Consultant, to strengthen its Cyber & Technology Practice. In his new role, Fitzpatrick will assist Lockton's clients in understanding and enhancing their risk posture amidst the ever-evolving cyber and privacy threat landscape. Michelle Faylo, U.S. Cyber & ... Read the full article
Lockton CCA launches region’s first Food, Agriculture & Beverage insurance broking practice
22nd May 2024
Lockton Caribbean & Central America (CCA) has launched the region’s first Food, Agriculture & Beverage (CCA FAB) insurance broking practice. The new Food, Agriculture & Beverage practice within Lockton CCA, the Miami-based wholesale re/insurance operation focused on the region, within Lockton's Latin America and Caribbean Insurance Services Series (LACIS). Working as a ... Read the full article
Lockton appoints Jessica Cullen to lead its US Casualty practice in London
21st May 2024
Independent insurance broker Lockton has appointed Jessica Cullen to lead its US Casualty practice in London, effective immediately. She will be relocating from New York, and her remit will include being responsible for leading the practice with respect to London and Bermuda wholesale for US Casualty placement. This move accompanies the ... Read the full article
Collet and Hoppe join Lockton’s Transaction Liability Practice
17th May 2024
Independent insurance broker Lockton is strengthening its Transaction Liability Group with the addition of Brian Collet and Dan Hoppe, each joining the group as Senior Vice President in the Representations and Warranties Insurance practice. In his new role at Lockton, Collet will focus on the continued expansion of the company’s market-making ... Read the full article
Lockton announces two senior promotions in Crisis Management team
25th April 2024
Lockton, an independent insurance broker, has recently announced two senior promotions within its Crisis Management team: Helen Sandford as Head of Special Crime and Freddie Schlesinger as Head of Product Recall and Reputational Risk. In their new capacities, both Sandford and Schlesinger will report to Matt Humphries, Head of Crisis Management ... Read the full article
Lockton bolsters Norway leadership team with key appointments
9th April 2024
Lockton Norway AS has announced a series of key leadership changes within the company, including Anders Johannessen becoming CEO of Lockton’s Norway business from May 1, 2024. The company has confirmed that his predecessor Cato Aamodt will remain a key component of the Norwegian leadership team. Johannessen joined the organisation in 2018. In ... Read the full article
Lockton adds Manpreet Gill to its technology specialty
26th March 2024
Independent insurance broker Lockton has announced Manpreet Gill is joining its technology specialty to build and grow a practice focused on developing creative solutions to address a variety of technology-related risks for businesses. Gill brings almost two decades of experience in the insurance industry to his new role. He is joining ... Read the full article
Lockton announces three new additions to leadership team in India
19th March 2024
Independent insurance broker Lockton has strengthened its business growth in the Indian market with the appointment of three new members, Mukul Bhatia, Irfan Shirwani, and Prasanna Hunur. Bhatia, who has over two decades of experience in insurance distribution, channel management, and business development, has been appointed Managing Director of Lockton in ... Read the full article
Lockton and Campden BRI to help food and drink industry mitigate current and emerging risks
18th March 2024
Independent insurance broker Lockton has announced a global collaboration initiative with food science company Campden BRI to provide the food and drink industry with key risk mitigation support and build resilience in an evolving risk landscape. A number of threats have been affecting the food and drink industry in recent years, ... Read the full article
Positive rate environment to continue as reinsurance market stabilises: Lockton
1st March 2024
Lockton expects a positive rate environment to continue in the first half of 2024, despite 1.1 renewal activity suggesting the reinsurance market is stabilising following difficult treaty renewals a year earlier. Rates for reinsurance catastrophe coverage flattened during this year’s 1.1 renewals, mainly backed by abundant capacity, which is similarly ramping ... Read the full article
Lockton makes key hires to expand Lawyers Professional Liability Practice
29th February 2024
Insurance broker Lockton has announced that Eric Braverman and Eric Bill are joining the firm to build out its Lawyers Professional Liability Practice. Braverman is reportedly joining as Senior Vice President, Professional Services Practice Leader, while Bill is joining as Senior Account Executive. As per Lockton, Braverman will report to Chris Casper, ... Read the full article
Ron Lockton returns as Lockton CEO succeeding Peter Clune
26th February 2024
Executive Chairman Ron Lockton is returning to the role of Chief Executive Officer of Lockton, the independent insurance broker has recently announced. “The Lockton Board of Directors, Mr. Lockton and former CEO Peter Clune have mutually agreed that now is the moment for Peter to step down as CEO. Mr. Lockton ... Read the full article
Lockton appoints Steve Goldenberg as new EVP of Operations
20th February 2024
Lockton, an independent insurance brokerage, has announced that Steve Goldenberg will be joining the firm as their new Executive Vice President (EVP), Operations, reporting directly to Peter Clune, Lockton's Chief Executive Officer. In this role, Goldenberg will collaborate with the global executive team to lead strategic initiatives, recruit talent, and devise ... Read the full article
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