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Brown and Lockyer exit Marsh for Lockton cargo team

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Marsh marine cargo brokers Kevin Brown and Lee Lockyer have resigned to join Lockton’s expanding marine team, Insurance Insider can reveal.

Brown has more than 25 years’ experience in the market and has worked at Marsh since 2010 as a senior vice president, having previously served in broking positions at Aon, Heath Lambert and Harding Maughan Hambly.

Lockyer is a vice president at Marsh, where he has worked for more than five years. Prior to that, he worked at Edge Brokers, RFIB and United Insurance Brokers.

The move to Lockton comes as the broker expands its presence in the marine market, having recently appointed David Ripton from Willis Towers Watson earlier this year.

Staff movement in the cargo market has been high following a period of sustained rating improvement since the sector was embroiled in the Lloyd’s Decile 10 process.

Recent broking moves include McGill and Partners’ appointment of five cargo brokers from Ed Broking, including cargo chief Mike Beagley.

On the underwriting side, new markets have been launching into the sector, including Navium Marine and IQUW.

Marsh declined to comment. Lockton did not respond to a request for comment.

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