Lockton to launch US construction casualty business with Arch Re talent
Global broker Lockton has unveiled a strategic hire from Arch Re to launch a North American construction casualty business.
Oliver Ross (pictured) has joined the broker as senior vice president within the global construction team. Based in London, Ross will be responsible for establishing and growing Lockton’s North American construction casualty offering to clients.
Ross is the first of four strategic hires for this new business line. He joins from Arch Re Europe where he served as underwriting director, casualty facultative. Prior to that, he held senior casualty underwriting roles at General Reinsurance Corporation and Liberty Specialty Markets, and began his insurance career as a US Casualty broker with Price Forbes.
Lockton said the establishment of the North American construction casualty business is a key initiative to maintain the “significant growth” of Lockton Companies combined Global Real Estate and Construction business, which now includes more than 200 Partners and Associates.
Richard Owen, partner at Lockton Companies and head of Global Real Estate and Construction at Lockton, said: “Our business has become a market leader by constantly raising the bar for client services and expertise led solutions. Expanding our offer to include North American Construction Casualty is a logical expansion driven in no small part by client demand. Oliver is the ideal candidate to spearhead our new offering and our clients will benefit from his extensive experience. We are looking forward to building out the team and its capabilities further in the coming months.”
Ross commented: “The range of risks which construction clients face continues to grow and providing them with the support needed to navigate this landscape increasingly requires expert, creative solutions. This is the foundation of Lockton’s business. I have known and admired Lockton and their Construction team for some time and I am delighted to be joining to launch the new North American Construction Casualty Business.”
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