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Elliott Goss will become the group’s head of claims from 17 August and be based in London.
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The suitors have 28 days to announce make a firm bid for the car insurer or retreat.
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Swiss Re, ReAssure’s previous majority holder, now holds a 13.3% stake in the listed buyer.
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Motor accounts for 47% of the industry’s total bill, while property claims rise sharply from earlier estimates.
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Following two decades at Aon Benfield, he will join Lockton sometime next year after his gardening leave.
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The deal sets an exit plan for Stone Point from the Bermuda group’s North Bay entity if that business isn’t reorganised by year-end. -
The broker also confirms the appointment of James Goodwin as head of power and mining.
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The LPT could help make the E&S writer a more attractive takeover target.
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The January agreement remains subject to regulatory approval.
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The ratings agency predicts traditional insurance products will be the preferred focus of most start-ups, with some skewing to technology.
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The former Aon facultative placing broker is joined by motor risk engineer Dron Kyle.
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The Chikugo River on the island of Kyushu is one of many to have broken its banks.
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