Global insurance broker Lockton announced that it will add three energy risk management leaders to its Lockton Global Energy practice.
Tim Law will join as chairman of Lockton Global Energy with the support of veteran energy insurance executives Tim Clarke and Blake Roseveare in London. They will work alongside the 150 professionals in Lockton’s established energy operations in the U.S., U.K., United Arab Emirates, Thailand, Australia, Singapore, Hong Kong, Brazil, and Mexico.
°President and CEO John L. Lumelleau described the expansion as an “important step in our long-term commitment to growth and success in the energy sector.” Lockton currently has more than 500 clients globally in energy exploration and production, service contracting, power, renewables, and the offshore and marine sectors
Law has served as executive director in broker RK Harrison’s energy team in London. He has four decades of experience, and “is recognized as a leader, expert, and innovator in the energy insurance brokerage market.”
Clarke is an expert in risk management and insurance for upstream energy companies and has been with Aon since 2006. His career began in 1986, and he has worked extensively on providing full outsourcing of the insurance process to independent exploration and production companies based in the UK and mainland Europe with worldwide operations. Clarke has served as an executive director at Aon and regional development leader for the UK, US, and Canada as well as leading the upstream broking team.
Roseveare joined Lockton in July after more than 13 years with Marsh as a broker and client advisor for upstream companies. He specializes in insurance program design and placement for European-based energy companies, ranging in size from start-ups to fully integrated global oil companies. Roseveare is experienced in structuring complex business interruption programs for energy firms.
Lockton also indicated that it “expects to add additional energy team members in the coming months.”