Reinsurance News
Lockton
Lockton adds David Spence as account exec
12th November 2019
Re/insurance broker Lockton has appointed David Spence as an account executive at its Aberdeen office. Spence joins with over 16 years’ experience, having spent over a decade at Carmichael & Partners prior to their acquisition by PIB Insurance Brokers in 2016. Following this, he was responsible for the servicing of existing clients ... Read the full article
Peter Clune appointed Lockton CEO
7th November 2019
Re/insurance broker Lockton has promoted Peter Clune to the role of Chief Executive Officer and appointed Ron Lockton as Chairman, effective May 2020. Clune has served with Lockton for over a decade and was most recently US President and Chief Operating Officer. He succeeds Ron Lockton, who is the son of Jack ... Read the full article
Lockton to provide Vizient members with P&C solutions
23rd October 2019
Re/insurance broker Lockton Companies has entered into an agreement with a subsidiary of Vizient, Inc., Vizient Insurance Services, LLC to offer property and casualty (P&C) insurance solutions and services for Vizient members. The contract became effective on July 1st, 2019 and under the terms of the agreement, Lockton now offers Vizient ... Read the full article
Casualty markets undergoing abrupt shift to profitability: Lockton
14th October 2019
Pricing adequacy has continued to increase across the US casualty re/insurance market, with some lines undergoing an abrupt shift to a renewed focus on profitability, according to global re/insurance brokerage Lockton. The umbrella and excess casualty markets in particular have seen a positive turn, Lockton said, with carriers now demanding higher ... Read the full article
Property underwriting improvements to continue through early 2020: Lockton
10th October 2019
Analysts at global re/insurance brokerage Lockton expect the more discerning approach of underwriters in the US property market to continue through at least into early 2020, based on performance this year. Lockton noted that there is still plenty of capital in the marketplace, but deployment is becoming tighter, leading to an ... Read the full article
Lockton adds Marsh’s Tom Orrico as SVP, MD of financial institutions
8th October 2019
Global re/insurance brokerage Lockton has announced the appointment of Tom Orrico to the role of senior vice president, managing director of financial institutions. Orrico brings 28 years’ experience to the role and joins from Marsh, where he built and led the financial institutions practice. Effective October 14, he will be based in ... Read the full article
Coca-Cola’s Simon Gilliat joins Lockton to drive International Benefits Strategy
6th September 2019
Global insurance and reinsurance broker Lockton has added Simon Gilliat to lead its International Benefits Strategy, based in London. In his new role, Gilliat will provide strategic direction to the broker's global employee benefits proposition, leading teams in the UK, Asia, Latin America and MENA. He joins Lockton from Coca-Cola where he ... Read the full article
Lockton Re adds Simon Mills & Fraser Howard to London office
5th September 2019
Lockton Re, the reinsurance division of broker Lockton, has hired Simon Mills and Fraser Howard, previously of JLT, as part of its global healthcare reinsurance expansion. The pair will be based in London, and will be seeking to support collaboration across the reinsurance broker's international network to further develop a seamless ... Read the full article
Lockton appoints Teegarden as Senior VP, Client Exec
27th August 2019
Global re/insurance brokerage Lockton has announced the appointment of Andrew Teegarden as Senior Vice President, Client Executive. Teegarden brings over 16 years’ experience to the role and joins from Aon, where he served as a Senior Vice President responsible for risk management clients across multiple industries. Prior to Aon, he spent three ... Read the full article
Lockton appoints Marsh’s Beresheim to lead Specialty Practices
19th August 2019
Global re/insurance brokerage Lockton has appointed Devin Beresheim to succeed the recently-retired Brian Kawamoto as Executive Vice President of its Specialty Practices business. Beresheim, who joins from Marsh with nearly 30 years’ experience, will report to Lockton’s US President and Chief Operating Officer, Peter Clune. "Using a baseball analogy, Devin is the ... Read the full article
Lockton adds Aon’s Barber to lead global healthcare practice
12th August 2019
Global re/insurance brokerage Lockton has appointed William Barber to lead an international healthcare practice focused on driving collaboration and integration across its London teams and international network. It’s hoped the practice, formed as part of the company’s professional and financial services offering, will enable Lockton to bring the best of the ... Read the full article
Lockton hires Dagostino from Willis Towers Watson to lead Global Cyber & Tech unit
18th July 2019
Global re/insurance brokerage Lockton has appointed cyber risk expert Anthony Dagostino as Executive Vice President (EVP), Global Cyber and Technology Practice leader. Dagostino most recently served as global head of cyber risk consulting and insurance at broker Willis Towers Watson (WTW), and brings more than 15 years of cyber risk management ... Read the full article
Lockton partners with Benefex to utilise HR tech platform OneHub
12th June 2019
Re/insurance broker Lockton has announced a new partnership with Benefex, the company behind HR platform OneHub, that will allow it to make the technology available to its clients globally. OneHub delivers employee benefits schemes via a consumer-led online system, allowing for more streamlined interactions between employees and employers. “The scalability of OneHub ... Read the full article
Lockton names Richard Barraclough as Head of Corporate in Manchester
24th May 2019
Re/insurance broker Lockton has announced the appointment of Richard Barraclough to the position of Head of Corporate at its Manchester office as it looks to grow its presence in the North England. Barraclough joins Lockton from AJ Gallagher in Yorkshire, where he most recently led its Leeds, Sheffield and Wakefield offices ... Read the full article
Lockton posts $1.72bn revenue for fiscal year
23rd May 2019
Re/insurance broker Lockton has posted $1.72 billion in revenue for the 2019 fiscal year, a 10.3% increase from 2018. The successful expansion earlier this year of its global reinsurance business, Lockton Global Re, was described by its Chief Executive Officer Timothy Gardner as a critical pillar of Lockton's long-term growth ... Read the full article
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