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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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Sources said Marsh Specialty UK growth leader Lizzy Howe will lead the operation. -
The aviation market has experienced a run of large losses this year.
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The executive has worked at Aon for almost two decades.
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In Partnership With Moody's RMSMichael Steel, General Manager-Insurance Solutions at Moody’s, discusses the latest trends in mitigating cyber risks, managing secondary perils, and leveraging new technologies to enhance data quality and workflow efficiencies.
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From our other titles
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Hannover Re to set up ILS platform in Bermuda
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The ILS Advisers Fund Index reported a profit of 1.11% in June.
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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.
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Swiss Re’s nat cat premium volumes flat in renewals year to date
The reinsurer had $2.8bn of natural catastrophe business up for renewal in the year so far.
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