Lockton lures AIG alternative structures exec

Broker Lockton has appointed Peter Rapciewicz as a vice president in its risk finance practice in New York City.

In his role, Rapciewicz will provide strategic consultation and implementation on programme design, collateral strategies, captive consultation, and alternative risk programs for clients across the country. He will also lead new initiatives in the use of alternative collateral vehicles.

Rapciewicz joins Lockton from AIG where he most recently served as vice president of the alternative risk division.

He brings more than 11 years of experience in alternative collateral structures, captive insurance programmes, and large casualty programmes.

“We are excited to add Peter’s expertise to the team in New York,” said Lisa Wall, risk finance practice leader for Lockton. “He has developed and implemented captive and alternative collateral structures for a wide range of clients. He has led in the development and structuring of loss sensitive casualty programmes.”