Reinsurance News


P&C market still in modest transition despite strong financial performance: Lockton

17th January 2019

Despite the strong financial performance of the U.S property and casualty (P&C) sector, the market is still in a modest transition as there is a continued increase in the frequency of severe claims and a prolonged period of large weather events, according to re/insurance broker Lockton. Lockton states that the U.S ... Read the full article

Lockton adds tech expertise to Capital Markets business

4th October 2018

Global insurance and reinsurance broker Lockton has appointed financial services and technology experts Ash Shah and Femi Ogunjumo as Managing Director and Vice President, respectively, at its recently established Lockton Capital markets business. Launched last month, Lockton Capital Markets facilitates investment banking and capital markets transactions and aims to provide ... Read the full article

Lockton adds Brian Horwell to Financial Institutions team

16th July 2018

Global insurance and reinsurance broker Lockton has continued to expand its Financial Institutions team with the appointment of Brian Horwell as a Producer. Horwell has over 30 years’ industry experience and joins Lockton from Willis Towers Watson, where he most recently served as head of its wealth and asset management team. Prior ... Read the full article

Lockton appoints Jerry Ridge as Global Head of Marine & Energy Reinsurance

2nd July 2018

Insurance broker Lockton has announced the appointment of Jerry Ridge as Global Head of Marine and Energy Reinsurance. Ridge brings 37 years’ reinsurance industry experience to his new role at Lockton, which will see him manage the company’s fast-growing international Marine and Energy business group. Most recently, Ridge served as Chairman of ... Read the full article

Lockton promotes Giblin to replace Skeen as President of San Diego unit

19th June 2018

Insurance broker Lockton has announced the promotion of Sallie Giblin as President of its San Diego operations, succeeding Jim Skeen, the founding President of the company's San Diego office. Giblin has been with Lockton for 12 years in a client relationship position, and her new role will see her lead a team of ... Read the full article

Lockton appoints new head of Risk Practices

26th February 2018

Lockton Companies Inc. has appointed Mark Moitoso to head its Risk Practices organisation and support the insurance broker’s property and casualty (P&C) clients. Moitoso, who has over 25 years’ experience in the insurance industry, will manage Lockton’s team of national practice experts as executive vice president and Risk Practices leader. They ... Read the full article

Lockton names Debbie Goldstine EVP & U.S. Casualty leader

26th January 2018

Broker Lockton has announced the appointment of Debbie Goldstine as Executive Vice President (EVP) and U.S. Casualty leader. Goldstine has been with Lockton for 12 years, and most recently served as Senior Vice President (SVP) and U.S. excess casualty practice leader. In her new, expanded role, she will support the delivery of strategic ... Read the full article

Buyers market at a tipping point: Lockton

8th November 2017

The buyers market conditions in insurance and reinsurance may come to an end, as it faces a tipping point in the wake of recent major catastrophe loss activity, according to broking group Lockton. The impacts of hurricanes Harvey, Irma and Maria, as well as earthquakes and wildfires, all point towards the ... Read the full article

Gareth Davies joins Lockton in Bermuda from JLT

6th November 2017

Global insurance and reinsurance broker, Lockton, has announced the appointment of Gareth Davies, formerly Chief Executive Officer (CEO) of JLT Bermuda, as Senior Vice President (SVP), Property, Bermuda. Davies has more than 20 years of property broker experience in Bermuda, and has expertise in facultative reinsurance as well as alternative property ... Read the full article

Aggressive action needed to tackle cyber risk as a property issue: Lockton

25th August 2017

Events like the recent WannaCry ransomware attack show just how far-reaching a cyber attack can be, and cyber's ability to impact property insurance lines is expanding and needs to be addressed, according to Lockton's property risk cyber expert in New York, Jared Wosleger. "Just one cyber event can cause multiple losses in ... Read the full article

Ron Lockton to replace Glenn Spencer as President & CEO, Lockton

19th July 2017

International brokerage, Lockton, Inc., has revealed that Vice Chairman Ron Lockton, is to expand his role and become President and Chief Executive Officer (CEO) of the firm, replacing Glenn Spencer. Spencer is to retire from the company for personal reasons, with immediate effect, and after serving as the firm's Vice Chairman ... Read the full article

Lockton adopts RiskFirst pension risk analytics platform

16th March 2017

Insurance broker Lockton has adopted financial technology provider, RiskFirst's, new web-based risk analytics platform, PFaroe, to expand its offer of pension plan risk assessment for company clients. The firm said the platform can be fed changing economic and market conditions to create the most up to date pension risk management scheme - optimising ... Read the full article