Lockton boosts global healthcare team with hire of senior sector specialist
London, 12 August, 2019 – Lockton, the world’s largest privately held independent insurance broker, has appointed William Barber to drive International Healthcare strategy which forms part of its Professional and Financial Services offering.
Barber will help to drive collaboration across the London teams and Lockton’s international network to further foster a seamless and integrated approach. This will enable the firm to bring the best of the global marketplace to its healthcare clients.
Barber brings over a decade of sector specific experience to the role. He 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.
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.
From London, Barber will work closely with Lockton’s international teams in the USA, Australia, Bermuda, and across Asia to syndicate the global marketplace onto one placement. This will in turn expand capacity, reduce volatility and increase stability and opportunity for clients.
Barber will further drive collaboration within the business by drawing on the expertise of the Lockton Dynamic Capital Modelling team and Risk Consultants. By putting data and analytics increasingly at the centre of the renewal process, he will help to fuel standout broking results, strategic client decision making and comprehensive risk mitigation.
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.
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.”
Note for Editors
Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world’s largest privately held, independent insurance broker by helping clients achieve their business objectives.