Lockton
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In her new position, the executive will report to UIB LatAm CEO Carlos Gutierrez.
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The broker used a consensus-based hypothetical cat event type to analyse its global impact.
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Rate increases are expected to continue, but at a slower pace.
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Preet Gill spent nearly 20 years with Marsh McLennan’s technology practice.
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He was most recently cyber product leader at Zurich NA.
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He had most recently served as a managing director at Aon.
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Ross' appointment marks the first of four hires to the new business lines.
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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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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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Kenneth Gould and Frank Scardino resigned “effective immediately” in early October to join WTW, allegedly forgoing a required 30-day notice period.
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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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Scott Canales, Richard Roderick, and Greg Barnes will join as executive vice presidents, and Mark Racunas as senior vice president, of Alliant Specialty.
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The segment will be co-led by Sean Hannah and Joe Koebele.
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Spore will be responsible for driving growth with Lockton's insurer partners, focusing on financial, professional, and cyber risks.
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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 broker reported double-digit growth across US, international and global reinsurance operations.
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Based in New York, the executive will report to Lockton cyber and tech practice leader Michelle Faylo.
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Mark Drummond-Brady will be providing advice and counsel to support the broker’s growth plans.
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Right now firms pursuing this strategy are winning, although there are some potential slow-burn issues to watch.
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Gregg Cunningham joins from Liberty Mutual Insurance, where he was executive vice president for nearly six years.
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The executives join the family-owned broker after a stint at Marsh, where they were both SVPs.
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The three former USI employees were held liable for breach of contract after violating non-solicitation clauses.
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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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The executive will oversee the broker’s operations in Dallas, Houston, Ft Worth, New Orleans and Birmingham, Alabama.
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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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In his new role, he will be part of Lockton's global operations team, focused on the company's continued growth.
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Placing Platform Limited’s Next Gen platform went live on Monday after several delays.
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The executive joins Lockton after two decades in the industry, having worked for Marsh, AIG and WTW based in Pittsburgh.
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Primary liability rate increases currently range from flat to 10% for most commercial projects, private broker Lockton disclosed in its annual construction market report.
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The cases were filed in California and Florida courts, states where non-competes are currently treated differently, and followed the FTC’s move to ban them.
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The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.
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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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Lockton has recruited Liberty Mutual’s Ben Beauvais to serve as the construction practice leader for the Northeast region.
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The executive will work on insurance-related solutions used in middle-market transactions.
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The executive will lead the overall strategic vision for Lockton’s cyber claims practice, reporting to its US cyber and technology practice leader, Michelle Faylo.
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Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.
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The new unit will be led by Giuliano Montano and Antonia Martinez and overseen by Lockton’s Central America and Caribbean CEO Julian Pratt.
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Based in Denver, the executive will oversee the surety practices across Colorado, Arizona, Washington, Utah and Nevada.
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Rayis joins the family-owned broker after over 25 years at Skadden, where he served as tax partner and adviser.
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The executive will report to Lockton LatAm energy practice head Diego Ventosa, who has overseen the unit since 2020.
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In the lawsuit, filed last week in a New York court, WTW is seeking injunctive relief and compensatory damages over a year after Lockton lured the executives.
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Joining from Marsh, the industry veteran will help build out the broker’s property and casualty business in the market.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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The executive will co-lead Lockton’s LatAm treaty business alongside Pat Anderson.
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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 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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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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It is understood that the executives will take up the positions once Lockton receives regulatory approval
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Cyber and risk management specialist Sou Ford will move from WTW to lead Lockton’s Southeast cyber practice.
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Kansas City-based Lockton has recruited Jennifer Franze as senior vice president for its Mountain West unit based in Arizona.
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The executive joins Lockton after almost 16 years working at AIG, where until recently she served as North America head of cyber.
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Brown will focus on enhanced client experience and growth in the region in the newly created position.
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Based in Atlanta, Evancho specializes in fixed and rotor wing commercial operations as well as defense industry risks.
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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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Both executives join the family-owned broker as senior vice presidents based in New York.
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Inside P&C’s news team runs you through the key developments from the past week.
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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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The incoming North American casualty fac leader will report to Rob McNamara, Lockton Re’s fac leader, and will help bolster the reinsurance broker’s North American expansion plans.
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Higher returns are available, but at the cost of increased revenue risk, slower results and potential cultural challenges.
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The executive will head operations and business development for Lockton’s regional hub, including Denver, Phoenix, Las Vegas, Salt Lake City and Seattle.
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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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With mega insurers pulling out of the product recall marketplace due to losses, MGAs see an opportunity for innovation, according to Lockton.
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Lockton Re has confirmed the appointment of industry veteran Rob McNamara as the new head for its North America facultative business.
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Mark Schwartz, bringing over 20 years of financial services litigation and insurance experience, will work in a brand-new position to advise clients through the claims process.
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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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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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Lockton’s reinsurance broking arm is seeking to establish itself as a credible challenger to the Big 3.
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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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The broker has filled out its representations and warranties, tax liability, contingent liability and litigation units.
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Patrick Haraden joins the business from AJ Gallagher, where he was a regional president.
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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 larger broker says it lost more than $6.5mn in revenue after leaders “solicited” colleagues and clients.
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Downey joined Marsh in 2014 after a decade in the law; her areas of expertise include blockchain and digital assets.
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New York City-based Murdock has worked at Lockton since 2019
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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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Dana Bjornson joins the business from investment bank George K Baum & Company.
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Heinz will co-lead Lockton's transaction liability practice alongside former Aon colleagues Josh Halpern, Eric Ziff and Gaurav Sud.
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The fast-growing cyber platform will write cover for businesses with revenue of up to $1bn.
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Centeno has three decades of insurance experience and focuses on D&O, M&A and tax liability cover.
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Halpern, Sud and Ziff bolster Lockton’s transaction liability division.