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The executive joins Lockton Re after almost 11 years at Aon Benfield, where he was treaty broker based in Chile. -
Incoming Gallagher Re CEO Tom Wakefield will also report to EMEA CEO Matson, who gets an expanded role.
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Howden’s reinsurance unit has once again hired extensively from its larger rival in a move likely to spawn further litigation.
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The specialty business – which includes Price Forbes and Bishopsgate – reported 16% organic growth in an integration year.
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The specialty leader had worked at recent acquisition Willis Re since 1998.
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The companies did not disclose whether any money exchange hands as part of the agreement.
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Intermediaries have highlighted the ‘evolution’ in reinsurance buying as hard market conditions are expected to continue.
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John Thompson, Graham Kilby, Richard Peers and Russ Nichols will take the top jobs.
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In the firm’s 2023 State of the Market report, it covered multiple classes, warning that for property (re)insurance in particular, inflation will likely continue to inflict pressure.
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The appointments aim to provide clients with a product-agnostic view on accessing capital in a capacity-constrained market.
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Brookfield will continue to operate under its own brand, and CEO Leonard Münz will still lead the business, as part of the transaction.
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It is understood that Tysers’ Latin America head Hugh Powell, who is also a shareholder in the South American operation, has left the UK brokerage.
