Lockton
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The brokerage sought a court order blocking its competitor from taking on seven partners and other workers.
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The appointments are early evidence of the dislocation caused by the Guy Carpenter parent’s pending $6.5bn purchase of JLT. -
Timothy Gardner was Guy Carpenter’s North American chief executive.
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The executive joins Lockton from JLT Thailand.
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The round was led by Guggenheim Partners.
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The executive gains the top job less than a year after joining from Willis Re.
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Commercial auto and liability rates continued to rise in Q3, and workers’ comp savings persisted.
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Demand for larger limits is also increasing, with a race among brokers to place $1bn in limit.
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Epic brought on Matt Lumelleau from Lockton, where he was a team leader.
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The gun-rights group gets hit with a cease-and-desist order on the shooter policies.
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Lockton Capital Markets will connect insurers with alternative investment managers.
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New York’s probe of the shooter liability program with Lockton is cited.
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