Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, announced the launch of its Bermuda office Lockton Re (Bermuda) Ltd., which will be led by Jonathan (Jonty) Davies as CEO.
Davies joins from Aon Reinsurance Solutions where he was most recently head of Global Re Specialty Bermuda. He joined Aon in 2006 where he held a number of roles across property, casualty and specialty lines. In 2010 Davies moved into the Global Re Specialty division initially as a mariner, before his primary focus became retro and property specialty, working particularly closely with reinsurers and ILS funds out of London, Zurich and Bermuda.
“Bermuda is a key evolution in our strategy, building capability to service both Bermuda-based clients as well as supporting our global client offering with Bermuda based expertise,” commented Tim Gardner, global CEO, Lockton Re.
“Jonty’s reputation and experience are a great addition to our formidable team on the Island. Coupled with our strong London-based Retrocession and Property Specialty team led by Matt Foreman and the support of Bob Bisset, who recently joined Lockton Re as chairman for Lockton Re Bermuda, we have created a truly world class team,” Gardner added.
“Great to have Jonty as part of our global team and Bermuda buildout, joining other key appointments including Tom Parcell, who joined in February as chief broking officer, Vittoria Canale, who joined last year as operations executive, and Tucker Moore, who joined in April as a broker,” said Bisset.
Keith Harrison, International CEO, Lockton Re, said: “Jonty will oversee the development of our Bermuda expansion and connectivity, enhancing Lockton Re’s capabilities for both production and marketing of Global Retrocession, ILW’s, P&C and Specialty lines.”
The new operation is located at 141 Front Street, Hamilton.
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