Lockton Expands Reinsurance Brokerage Globally; Hires 3 Guy Carpenter Executives

March 11, 2019

Global insurance broker Lockton has formed a global reinsurance business, Lockton Global Re, and hired several Guy Carpenter executives as part of its leadership team.

In addition to Lockton CEO Ron Lockton, the leadership team includes Tim Gardner, current CEO of North America Operations for Guy Carpenter; Claude Yoder, current managing director and global chief innovation and product development officer for Guy Carpenter; and Nick Durant, current managing director for Guy Carpenter.

This new global business team will be based in New York and incorporate Lockton’s international specialty insurance team based in London as well as Lockton Re US and Lockton Re UK.

Gardner has 20 years of reinsurance and insurance business experience with Marsh & McLennan. He most recently served as CEO of North American Operations for Guy Carpenter. Before that, Gardner served as head of sales for the International Division at Marsh. Prior to that role, he was global leader of the Marsh risk management segment and before that, served as chief operating officer for Marsh’s US and Canada Divisions. He also held several positions at Guy Carpenter including Global Sales Leader and Global Property Specialty leader.

Yoder brings 25 years of experience in primary insurance, underwriting, risk management, product development and research and development. He most recently served as managing director and global chief innovation and product development officer for Guy Carpenter. He previously served as head of Marsh Global Analytics. Prior to joining Marsh in 2011, Yoder spent nearly 20 years in actuarial, underwriting and several roles for insurance carriers.

Prior to rejoining Guy Carpenter in 2017, Durant led Marsh’s captive solutions business which provides advisory solutions and manages more than 1,250 captives worldwide. He brings 20 years of reinsurance experience to his new role.

Source: Lockton

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