Reinsurance News
Lockton Re
Lockton Re leverages Verisk models for U.S. agricultural insurance innovation
20th November 2024
Reinsurance broker Lockton Re has partnered with global data analytics and technology provider Verisk, to develop new re/insurance products that address the growing impact of climate change on agriculture. In this collaboration, Lockton Re will leverage Verisk's agricultural risk modelling tools, specifically the Multiple Peril Crop Insurance (MPCI) model and Crop ... Read the full article
Lockton Re appoints Guy Carpenter’s Jemima Hopper as Cyber Reinsurance Broker
12th November 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has announced the appointment of Jemima Hopper as a Broker in its Cyber Practice. Hopper, who is ACII qualified, brings valuable expertise in cyber reinsurance broking, along with experience in Treaty, MGA, and Retro Markets. She joins Lockton Re from Guy Carpenter, ... Read the full article
Lockton Re adds Edward Tyler to Retro & Property Specialty team
12th November 2024
Lockton Re, the reinsurance division of the global brokerage, has appointed Edward Tyler as a senior broker in its Retrocession and Property Specialty team. Tyler brings expertise in retrocession, London market property and global composite placements to the role. Most recently, he served as the Divisional Director of Non-Marine Retrocession with reinsurance ... Read the full article
Lockton Re adds Henry Philipps to Marine & Energy division
6th November 2024
Reinsurance broker Lockton Re has announced the addition of Henry Philipps to its Marine & Energy team as Senior Broker. Philipps is joining Lockton Re from Guy Carpenter, where he most recently served as Senior Vice President. He joined the reinsurance broker in 2029 as Assistant Vice President and was then appointed ... Read the full article
Lockton Re appoints ex-Marsh veteran, Srikanta Nandy as Chief Platform Officer
18th October 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Srikanta Nandy as Chief Platform Officer, based in New York. Nandy is a 25-year insurance veteran with deep expertise in Global Platform Delivery, Enterprise Data Management, and Placement Data Analytics. Prior to this, he spent more than 11 years at ... Read the full article
Turnbull joins Lockton Re’s Accident, Health & Life team as Senior Reinsurance Actuary
7th October 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Vince Turnbull as Senior Reinsurance Actuary for its Accident, Health & Life team, based in Philadelphia. Turnbull is a credentialed actuary as an FSA and MAAA, with a decade of actuarial experience in pricing and strategy having started his ... Read the full article
Debbie Goldstine joins Lockton Re as Chief Growth Officer, Global Partners
23rd September 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Debbie Goldstine as Chief Growth Officer, Global Partners, based in Chicago, working with clients, markets and colleagues globally. Goldstine joins Lockton Re from Lockton, where she was Executive Vice President and US Practice Leader: Casualty, Technical Intelligence & Emerging ... Read the full article
Rachel Cohn to lead Lockton Re’s Intl. Casualty Fac unit
10th September 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Rachel Cohn as a Senior Broker to lead its International Casualty Facultative Practice. The practice will be part of the company's existing International Property & Casualty division in London. Cohn has extensive expertise in the market having most recently served ... Read the full article
Multi-tool approach to enhance cyber risk assessment, says Lockton Re
9th September 2024
In its latest cyber report, reinsurance broker Lockton Re evaluates vulnerability scanning tools and highlights the need for multiple methods to assess and manage cyber risk amid growing digital complexity. As digital networks become more complex, companies face increasing exposure to cyber threats. By 2025, it’s expected that half of the ... Read the full article
Business infrastructure needs to be fortified to ensure the highest possible service levels: Lockton Re
9th September 2024
Reinsurance broker Lockton Re is planning to add between 80 to 90 new people to the company this year as part of its growing strategy as it focuses on growing the business’ infrastructure to deliver “the highest possible service levels.” “We continue to hire pretty dramatically. Although there has been a ... Read the full article
Kristopher Lynn joins Lockton Re as Senior Broker and Practice Leader for Agriculture
28th August 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Kristopher Lynn as a Senior Broker and Practice Leader for Agriculture, based in the Bermuda office. Lynn has nearly two decades of industry experience, most recently serving at Terra Underwriting Management. His past roles include serving as the President ... Read the full article
Andrew Ferrier joins Lockton Re as Senior Broker
27th August 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has appointed Andrew Ferrier as Senior Broker, commencing the build-out of its West Coast Property and Casualty business, based in San Francisco. Ferrier is an industry veteran with over 30 years of reinsurance broking experience, specializing in servicing MGA businesses, regional ... Read the full article
Ariel Re leverages Lockton Re’s SAGELink for enhanced placement efficiency
15th August 2024
Lockton Re, the reinsurance division of a privately-owned independent insurance broker, has announced a new partnership with global reinsurer Ariel Re. This collaboration will allow placements to be made through Lockton Re’s SAGELink, an API-driven electronic placement system. Claude Yoder, Global Head of Analytics at Lockton Re, commented: "Continuing our investment in ... Read the full article
Lockton Re hires Guy Carpenter’s Aldo Mendieta in Mexico City
9th July 2024
Lockton Re, the reinsurance arm of the independent insurance broker, has announced that Aldo Mendieta will be joining the firm next month in Mexico City as part of Lockton México Intermediario de Reaseguro, S.A. de C.V. Mendieta is joining the firm to serve as Treaty Country Head for Mexico, and Regional ... Read the full article
Lockton sees 15% rise in revenue as its reinsurance arm achieves impressive growth in FY24
25th June 2024
Lockton, Inc., the independent and privately held insurance brokerage, has reported global revenue of $3.55 billion for its fiscal year to April 30th, 2024, supported by solid growth at its reinsurance arm, Lockton Re. Overall, Lockton saw a 15% rise in global revenue from the $3.09 billion seen in the prior ... Read the full article