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Cedants were able to “challenge the status quo” with aggregates back on the table, the broker said. -
The executive told this publication he will have more time “to propel” embedded auto MGA In The Car.
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Richardson has been with the firm since 2015 and was most recently vice chair and chair of international.
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The broker noted a “significant variation” in renewal outcomes.
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The deal, revealed by this publication in December, values the firm at $14bn.
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The measure could have landed insurers with extra tax on US business.
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The deal puts an equity value of £275mn on the broking firm.
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The broker built out Lockton Re’s US casualty and professional lines treaty book.
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Willis’ continued reinsurance build-out has targeted London and Bermuda marine and retro specialists.
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Shuker was CEO of A-Plan when Howden acquired the firm in 2021.
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The awards will be held on 3 September at The Brewery in London.
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