Lockton
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The larger broker says it lost more than $6.5mn in revenue after leaders “solicited” colleagues and clients. -
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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