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Lockton news from Insurance Insider
Abbas Juma has spent more than seven years at Howden M&A in various senior roles.
According to McKinsey, the projected spending on data centers is expected to hit $6.7tn by 2030.
Lockton Re has predicted major growth in the global cyber insurance market.
The 2024-25 period has been the worst on record for claims, with costs of $775mn+.
Her predecessor will become head of US excess casualty and operations.
The relationship between growth and capital is “symbiotic”, the broker said.
Henrietta Butcher leaves Tysers after decades with the broker.
Sources said the team is led by Martin Soto Quintus and is mostly based in Chile.
This publication revealed two years ago that EQT could lodge a $1bn claim.
Tom Hester joined the broker in 2018 as SVP.
Philip Dalton succeeds partner Colin Hasler, who has retired after a 42-year career.
In May, we revealed that Lockton's James Campbell is leaving for a role in HWF’s real estate team.
Jim Franson joins from Validus Re, where he was US president.
Partner Neo Combarro announced his departure on LinkedIn in May.
The broker built out Lockton Re’s US casualty and professional lines treaty book.
Plus, the latest people moves and all the top news of the week.
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
Last month, Combarro announced his exit on LinkedIn after 17 years at Lockton.
The reinsurance division booked 29% growth for the fiscal year to 30 April 2025.
Neil Nimmo was CEO and chairman at Lockton International for more than 16 years.
David Baldwin joins from EIRS where he was a senior reinsurance consultant.
Last week Neo Combarro, Lockton’s head of TL announced his exit on LinkedIn.
The broker has also held positions at JLT, Towergate and THB.
The broker will be based in Oslo and drive expansion in the Nordic region.
Competitor news
Competitor news
Competitor news
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Claims were concentrated in the US, with a significant increase in D&O class actions. -
The broker said the appointments are designed to drive growth.
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The technology will help analyse growing and emerging risks, especially climate change.
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From our other titles
From our other titles
From our other titles
From Insurance Insider ILS
Cat bond market yields hit 9.43% in September: Plenum
The figure comprises 5.48% of insurance discount margin and 3.96% of risk-free rate.
From Insurance Insider
CNA Hardy names Booth head of specialty as Berman departs
Ariel Berman joined the company as head of specialty in 2023.
From Insurance Insider
Property cat aggregate placement grew 50% in 2025: Aon
Supply for property outstrips demand, but the casualty market is “bifurcated”.
From Insurance Insider ILS
Hannover Re to set up ILS platform in Bermuda
Aaron Garcia will hold a senior role at the operation, sources have confirmed.
From Insurance Insider ILS
Cat bond funds outpace private ILS by 2.01 points in H1: ILS Advisers
The ILS Advisers Fund Index reported a profit of 1.11% in June.
From Insurance Insider ILS
Zurich ILS managers unphased by ESMA’s view on cat bond UCITS inclusion
Managers believed end-investors value diversification and non-correlation of cat bonds over liquidity.
Insurance Insider US provides robust insights, sharp analysis and exclusive news on the London and global (re)insurance markets.
Insurance Insider ILS provides robust insights, sharp analysis and exclusive news on the global insurance-linked securities market.