Lockton launches agribusiness practice in Asia Pacific with JLT hire

Broker Lockton has launched a food and agribusiness practice across Asia-Pacific with the hiring of Stephane Baldanoff as regional director.

Baldanoff joins Lockton from Jardine Lloyd Thomson’s (JLT), where he was managing director of its food and agribusiness practice in Asia for the past nine years.

Working in collaboration with Lockton’s network of regional teams, Baldanoff will be responsible for the company’s food and agriculture client portfolio. He will also be charged with developing agricultural reinsurance business in the region by offering tailored agri-risk consulting, analytical services and coverage solutions for the livestock, aquaculture, forestry and crops segments.

“I am delighted that Stephane will head up Lockton’s Food & Agribusiness practice as it launches in APAC," said Warren Merritt, CEO of Lockton Asia. "With his extensive experience and deep rooted relationships in the region, he will provide an added level of technical support and work alongside regional teams to provide new and innovative coverage solutions.

Merritt added: “The region has some of the largest food and agribusiness insurance and reinsurance programmes in the world and these continue to grow and evolve. The opportunity to leverage Lockton’s existing experience and access to technology and resources is ripe for the picking. We look forward to seeing Lockton Asia’s business platform strengthen through further hires and expansion into new specialty areas.”

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