Lockton
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Competition among insurers is rising as new carriers enter the market.
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The executive will lead strategic initiatives and hire talent.
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Ross' appointment marks the first of four hires to the new business lines.
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The broker grew by 35% in 2023 and is looking to reach gross written premiums of $1.4bn by 2026.
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Yesterday, this publication reported that James Mackay was set to depart from his previous role at Aon Reinsurance Solutions.
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The executive joined family-owned Lockton in 2020, as director of energy within the South Florida-based Latin America and Caribbean team.
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The new leader’s career includes stints at WTW, Marsh and Allianz.
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The incoming head of Europe spent 17 years at Aon, most recently as chief commercial officer of the broker’s EMEA operations.
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Lockton is hiring in financial institutions following the departure of several staff to join Bishopsgate.
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It is understood that Padin will take on a treaty role overseeing client relationships across LatAm and the Caribbean while Martinez will lead fac re for Central America.
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Insurers across most sectors have shown a healthy risk appetite, which has driven competition for premium and market share, the broker said.
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Rowley brings over two decades of experience, including nearly five years at WTW most recently and a 16-year-stint at Brit.
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The segment will be co-led by Sean Hannah and Joe Koebele.
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The carrier describes reinsurers’ current strategy of dealing with cyber policies as "a game of whack-a-mole"
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The executive will work within the retrocession and property specialty division, as well as supporting the London market and global production activity.
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The executive is to replace retiree David Lee.
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Rowley joins the broker after nearly five years at WTW, where he was most recently head of North American property.
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The executive will lead operations and support the company’s growth strategy.
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The broker reported double-digit growth across US, international and global reinsurance operations.
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The executive was retail placement leader for Marsh UK and Ireland.
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Chris Parish was previously portfolio management and funds team leader at Nephila Capital.
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Mark Drummond-Brady will be providing advice and counsel to support the broker’s growth plans.
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The Big Three reinsurance brokers face a number of factors that could challenge their supremacy.
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Following the deal, Jose Otavio Sampaio will continue as Lockton Brazil CEO while THB Brazil CEO Eduardo Lucena will become deputy CEO of the combined entity.
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Nick Muir will be responsible for the oversight of and growth in the firm’s property portfolio.
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Beginning in his role with immediate effect, Peter Chesterfield will focus on construction projects across international markets.
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The hire comes as Miller continues to expand its UK team under the leadership of Tim Norman.
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The executive joins Lockton Re after almost 11 years at Aon Benfield, where he was treaty broker based in Chile.
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Placing Platform Limited’s Next Gen platform went live on Monday after several delays.
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Structures have been developed that would avoid “excessive capital trapping”.
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The business will be led by Tanya Dasgupta, who recently joined from Aon.
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Leo Demer previously spent 35 years at JLT Australia, including 10 years as Australasian CEO.
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After 10 years at Chesterfield, Michael James will join the broker in its London property & casualty specialty division.
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Matthew Silley joins from Axis Capital, where he was cyber portfolio management lead.
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The broker has hired Linda Fihlen and Niklas Thorell to work in the new office.
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Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.
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The new recruit will run the UK and Ireland surety practice.
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DXC Assure Broking is an integrated, modular solution for commercial insurance brokers built on the DXC Assure Digital Platform.
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There has been a recent uptick in personnel movement in the financial institutions space.
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James Bannister has spent 12 years in total at Aon, with his time at the broker split in half by a two-year stint as a PV underwriter at Sompo Canopius.
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The broker will be responsible for maintaining growth, working with US and international offices.
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The executive has worked at WTW, CFC, Hiscox and Liberty.
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The firm said it did not expect “carnage” despite expectations around incoming demand.
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The broker said it would help clients to think creatively and act quickly in accessing capital.
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The move is the latest in a series of personnel changes in the construction space.
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Sources said that the executive will be joined by facultative broker and former treaty senior executive Carmen Anderson.
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The broker said its capital markets unit would be “fully aligned with the broking and analytics teams.
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The hires come amid a personnel expansion at Lockton, which brought in 1,200 new staff last year.
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The firm highlighted that over the last year it has recruited more than 1,200 staff across all lines of business.
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The scale of the claim deals a substantial blow to the subsection of the energy market, but is not as large as first feared.
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It is understood that the executives will take up the positions once Lockton receives regulatory approval
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Kathy McCann is set to join from Guy Carpenter, while Zach Breslin will move over from Aon Securities.
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In a management reshuffle, EJ Hentenaar will succeed Chis Brown as CEO, Europe, while Neil Nimmo will become Lockton International chairman.
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Carl Shephard will serve as aviation senior broker in London and Chris Latta as vice president for the US Southeast region aviation practice.
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The deal forms the latest step in the family-owned brokers build-out in Latin America that elsewhere has been driven by hiring.
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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.
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Lockton Re has hired James Boon from Aon to work as a senior broker in the expansive non-marine retrocession and property specialty division.
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If rising prices are not addressed in insurance policies, gaps could leave energy sector players uninsured as asset values exceed insurance limits.
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Richard Alford-Smith follows in the footsteps of James Cook and Lewis Coward who also joined Lockton’s construction team from Marsh earlier this year.
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Patrick Bousfield joins the reinsurance broker’s Bermuda office.
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The takeover will strengthen Lockton’s presence in Norway.
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In the role, effective today, Danyluk will be responsible for growing the international property portfolio of clients in the wholesale P&C division.
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SageLink will enable fully automated quoting capabilities for reinsurance.
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Lockton Latin America and Caribbean has tapped Daniel Court from BMS to head financial and professional lines across the region, this publication understands.
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The expansive broker has poached a number of senior staff from Aon as it builds its team.
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Expansive broker Lockton Re has been hiring staff from rival firms across the market.
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Showvanik Dasgupta has worked at Beach Re, Tokio Millennium Re and Aspen Re, where he started his career.
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The broker is looking to expand its footprint in a market where credit insurance policies and banks’ credit risk methods are converging.
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Trading Risk reported last year that the Aon executive had resigned to join Lockton.
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division.
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The executive will take on the role of chairman of retro, property specialty, Bermuda and market capital.
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James Cook, Steve Leeming and Lewis Coward move to the expansive broker, with Libby Snow also to join from AJ Gallagher.
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The privately owned broker aims to strengthen its facultative broking proposition with the appointment of Melanie Cruz from ASSA.
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Reporting to head of London North America Mark Higgins, Dan Shaw is set to join in the autumn.
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The move comes as Aon and Willis race to receive regulatory approval for their merger.
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The larger broker says it lost more than $6.5mn in revenue after leaders “solicited” colleagues and clients.
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The hires are latest move in a recruitment drive by Lockton in LatAm.
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The marine hull and war underwriter will rejoin former colleague Chris Goddard, who launched the start-up last year.
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Simon Moore has joined Lockton Re as a senior broker in the company’s non-marine retro and property specialty team, based in London.
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The continued expansion comes amid tough competition for talent in the hard D&O marketplace.
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The newcomer had joined Lancashire as an underwriter only in October.
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The deal follows an agreement the reinsurance broker reached in December to partner with auction platform Tremor Technologies.
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The intermediary cited Convex and Vantage among new entrants adding capacity to the market at the renewal.
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The additional raise takes the carrier’s committed capital to $3.2bn.
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The pact is Tremor’s first integration with a global broker.
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The executive will lead the retrocession and property specialty segments.
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The latest hire follows the appointment of fellow Guy Carpenter marine and energy broker Andy Massingham last month.
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The appointment follows the addition of Lockton’s Allison Hollern to the John Hopper-led financial lines team.
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The follow-only syndicate has carved up most of its 2021 capacity among leading Lloyd’s intermediaries.
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Jon Warner will join early next year as senior account manager.
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The broking chairman says the modernisation programme will not disintermediate brokers providing true value.
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The team is led by Julian Pratt and Michael Lambert, and includes Simon Arden and Giuliano Montano.
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The reinsurance CEO says Lockton will use its talent, tech and retail footprint to compete with Aon and Guy Carpenter.
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The appointment is the latest in a string of hires at the expansive broker.
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Ben Day will join the business later this year and work alongside Jeff Fleming and Nathan Taylor.
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The move follows the appointment of Guy Carpenter aviation leader Graham Barden as chair of aviation and aerospace.
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Ghosh will work closely with CEO Ken Pierce to develop the two-year-old platform.
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Property investor Aubrey Weis accuses the broker of falsifying documents in connection with cover placed with Axa.
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Lockton Re has hired Graham Barden from Guy Carpenter as chairman of its aviation and aerospace practice.
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The broker returns to Lockton as the company continues its hiring spree.
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Guy Carpenter has made further hires to its facultative division, GC Fac, with the appointments of three senior executives within its property fac segment.
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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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Ventosa joins Lockton as a director of energy, as the world’s largest privately held broking firm targets clients in the oil and gas industry.
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The broker also confirms the appointment of James Goodwin as head of power and mining.
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Arrivals include energy product leader Carlos Vinicius Simonini and placement head Marcelo Daniel.
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Lockton Re has leveraged long-standing client and market relationships to get its burgeoning fac business moving, despite the challenges of global lockdown
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The directors’ and officers’ (D&O) insurance market is bracing for a total loss of around $600mn for claims against American-Israeli drug manufacturer Teva Pharmaceuticals.
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The e-trading platform’s usage has surged since the insurance market began working remotely.
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Lockton Re has hired Anthony Izzo as a senior broker in its New York office, reporting to Nick Durant, CEO of North America.
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José Otávio De Albuquerque Sampaio was Willis’ Brazil CEO for 11 years.
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The latest damaging D&O loss comes as the market hardening continues to accelerate.
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The broker has left Willis Re just ahead of the renewal of his key client’s account.
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The role at Lockton's Capital Markets unit is targeted at bringing together insurance and alternative asset management industries.
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The executive said that senior talent acquisitions at the broker were likely to continue.
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Bisset has worked at Aon and legacy entities for more than 20 years.
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The broker’s capital markets business reels in the assets of Ken Pierce’s advisory firm.
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The executive switches to broking after working at Hiscox for nearly 12 years.
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Capacity and use of W&I are set to accelerate despite a short-term drop in M&A deal volumes, according to the broker.
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Keith Thurman will lead the build-out of the operation from the Atlanta office
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Said Taiym will be US COO, with Hiram Marrero becoming president and global growth officer.
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Aon’s Phillip Mallon joins the North American team and Neon’s Freya Foxall moves to the international P&C team.
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The move comes as Lockton continues an expansion into new areas of the reinsurance market.
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Howard and Harrison have wrested the London piece of the account from Guy Carpenter.
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The former JLT Re chairman rejoins old colleagues including Keith Harrison, who is now Lockton Re International CEO.
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The tussle over the financial lines broker comes amid rising competition for talent between rival insurance intermediaries.
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The appointment reflects a concerted expansion of the broker’s Dublin operations.
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Lockton Re is targeting $400mn in annual reinsurance revenue by the time the business is up to scale.
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The parties agreed to a “mutual resolution of all claims”, noted Guy Carpenter’s legal counsel.
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Dean Anderson, Roger Maldonado and Taylor Anderson will join the broker’s southeast practice in Atlanta, Georgia.
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The Miami-based group will initially focus on developing property and casualty, employee benefits and corporate business.
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