Lockton
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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. -
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.
