Lockton hires Guy Carpenter and Marsh execs to launch Lockton Global Re
Broker Lockton has poached three senior executives from Guy Carpenter/Marsh to form a new global reinsurance business that it says will represent a critical pillar of its aggressive growth plans.
Lockton Global Re will be led by Tim Gardner, current CEO of North America Operations for Guy Carpenter, Claude Yoder, current managing director and global chief innovation and product development officer for Guy Carpenter, and Nick Durant, current managing director for Guy Carpenter and formerly the leader of Marsh Captive Solutions.
The company described the launch as a major build out of its reinsurance capabilities and will incorporate its international specialty team based in London.
"By adding this outstanding, experienced and innovative leadership team, Lockton is going all in on reinsurance," said Ron Lockton, president and CEO of Lockton. "We are filling a void in the marketplace, building our platform the right way by focusing on value creation for our clients. With encouragement from our key trading partners who hunger for choice and innovation, we make this commitment to the reinsurance space."
Before his most recent role, Gardner was head of sales for the International Division at Marsh. Prior to that role, he was global leader of the Marsh risk management segment and before that, served as chief operating officer for Marsh's US and Canada Divisions. He also held several high-profile positions at Guy Carpenter including Global Sales Leader and Global Property Specialty leader.
Yoder most recently served as managing director and global chief innovation and product development officer for Guy Carpenter. He previously served as head of Marsh Global Analytics, a global team that delivered solutions supporting Marsh's global insurance broking and consulting activities. Prior to joining Marsh in 2011, Yoder spent nearly 20 years in actuarial, underwriting and several roles for insurance carriers.
Durant leads Marsh's captive solutions business which provides advisory solutions and manages more than 1,250 captives worldwide. He brings 20 years of reinsurance analytics experience to his new role having most recently served as Marsh's Global Analytics sales leader.
"With this team we aim to build a best of breed reinsurance brokerage business, creating for our reinsurance clients the unique customer experience that we've always created for our existing clients," added David Lockton, chairman of Lockton.
Neil Nimmo, CEO, Lockton International Holdings, added: "As a major global retail broker, we always saw the opportunity in building complimentary talent in reinsurance to support our carrier partners. Our specialty London team has been a huge success, but we wanted to find the opportunity to go global. Lockton has always focused on building business around talented people, and these three key hires give the market clear direction on the quality of the operation we want to build and who we want to build it with."
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