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.
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
Lockton unveils global space practice, led by PIIQ’s Ian George
28th June 2024
Lockton, an independent insurance broker, has launched a new global space practice led by Ian George, Head of Space, and joined by Russell Sawyer and Mark Williamson as Account Executive and Consultant, respectively. According to the announcement, the new practice will offer a range of products specifically tailored to individual client needs across ... Read the full article
Property insurance market is becoming increasingly buyer-friendly: Lockton
27th June 2024
The property insurance market is becoming more buyer-friendly, with increasing competition among commercial insurers helping to create stability and more predictable renewal outcomes for US insurance buyers, according to Lockton’s latest Market Update. Mark Moitoso, Risk Practices Leader at Lockton, commented, “Three months ago, we anticipated a shift in the P&C ... Read the full article
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
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