Lockton hires Aon's William Barber to lead global healthcare liability offering
Re/insurance broker Lockton has hired William Barber to lead its international healthcare strategy, which forms part of its professional and financial services offering.
Barber joins Lockton from Aon where he specialised in healthcare liability for clients worldwide. During the last five years, he led the London healthcare team and was responsible for negotiating strategic placement and execution on a range of healthcare liability products for clients and markets.
In his new role, Barber will help drive collaboration across the London teams and Lockton’s international network in the USA, Australia, Bermuda, and across Asia, with the aim to expand capacity, reduce volatility and increase stability and opportunity for its clients.
In addition, Lockton International Healthcare will focus on emerging risk areas where the marketplace is still developing including regulatory liability, non-property damage business interruption, bundled payments downside protection and more.
Lockton said the market conditions for healthcare professional liability are turbulent. In recent years there has been an increased frequency of the severity of claims which has meant that healthcare professionals have not been able to achieve the rate reductions they were previously accustomed to. A reduction in capacity has put added pressure on prices which is expected to continue in the coming years.
Robbie Graham, partner, professional and financial services, said: “I am delighted that William will head up Lockton’s International Healthcare practice. With his extensive experience and deep rooted relationships in the sector, he will provide an added level of technical support and work alongside the London and international teams to provide new and innovative coverage solutions.
"By working as a joined up team, Lockton International Healthcare is well placed to leverage the business’s existing experience, access to technology and resources to canvass the global marketplace and provide stability for clients. We look forward to seeing our healthcare platform go from strength to strength and expand into new specialty areas.”
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