Global reinsurance broker Lockton Re, part of the independent Lockton broking group, has named Jonathan (Jonty) Davies as CEO of its newly launched Bermuda office.
In launching Lockton Re (Bermuda) Limited, the company has put together a growing team of reinsurance and retrocessional broking experts, with capital markets expertise.
Tim Gardner, Global CEO, Lockton Re, commented, “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. 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.”
Commenting on the appointment of Davies, Robert Bisset, added, “Great to have Jonty as part of our global team and Bermuda build out, 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.”
Davies has joined Lockton Re from Aon Reinsurance Solutions where he most recently held the role of Head of Global Re Specialty Bermuda.
He joined Aon in 2006 and held a number of roles focused on property, casualty and specialty lines. In 2010 Jonty moved into the Global Re Specialty division and his primary focus became Retro and Property Specialty, working particularly closely with reinsurers and insurance-linked securities (ILS) funds out of London, Zurich and Bermuda.
Keith Harrison, International CEO, Lockton Re, said, “Our Bermuda platform is another milestone in the Lockton Re story which has clients and colleagues at its core. 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. ”
Nick Durant, North American CEO, Lockton Re, added, “Across Lockton Re we are finding our clear focus on building a great culture, creating industry leading tools and capabilities, and hiring the best people is resonating with clients and supporting our continued growth. We are all looking forward to working with Jonty and the team in Bermuda and supporting this important reinsurance hub.”
Yesterday, Lockton Re also confirmed the appointment of Bob Bisset as Chairman, Global Retrocession.