Jeremy England Lee joins Lockton Re’s Non Marine Retrocession & Property Specialty Division
Keith Harrison, International CEO, Lockton Re, said, “We are delighted to welcome Jez to Lockton Re. The development of our global Retrocessional capabilities with such great talent is proof of the dynamic platform we are building and its attractiveness to colleagues and clients. Jeremy brings extensive experience, having successfully navigated buyers through multiple market cycles and challenges. His understanding of the many nuances of the market make him a terrific addition to the Lockton Re client offering.”
Jeremy brings over four decades of industry experience starting his career in 1978 at Lloyd’s D.E. Harman Syndicate. He them moved to Bowring which later became Carpenter Bowring, holding key positions in Facultative, North American Treaty and Retrocession before joining Benfield in 1996 as a Director for Retrocession. Most recently Jeremy was part of the Global Re Speciality team at Aon.
Commenting on his appointment Matt Foreman, Head of Non-Marine Retrocession and Property Specialty, Lockton Re in London, said, “What a great time for Jez to join Lockton Re, with our focus on exceptional client service and fierce independence, he is an industry heavy weight who will be a fantastic asset to our capabilities.”
Robert Bisset, Chairman, Global Retrocession & Property Speciality, Bermuda and Market Capital, Lockton Re, said, “Jez brings deep expertise in Retrocession and London Market Property combined with an excellent market reputation and wide ranging relationships. Whilst Jeremy will be based in London he will also be highly engaged in advising retrocessional clients around the globe, and working with colleagues in Bermuda and the USA.”
Rates increased more moderately at the recent January reinsurance renewals than perhaps expected on the back of a generally hardening insurance market. Sufficient reinsurance capacity plus a few new players plugging some gaps helped ease pressure while reinsurers focused on claims uncertainty instead of strict rate discipline.
The pharma industry and all other companies in the opioid supply chain will be passing on the costs of compensation and related legal costs in the US to insurance and reinsurance carriers (where they have policy coverage) in a move that will affect renewal negotiations for the next 12 months, at least.
Pandemic bonds as issued by the World Bank were hailed as a great innovation when first launched in 2017. They were supposed to offer relief funding to some of the poorest countries in the world to fight large-scale, cross-border pandemics. The COVID-19 outbreak has exposed the weaknesses of the instrument.
Eran Charit to join Lockton Re’s Specialty Division as it continues to add further strength and depth to its Political Risk & Credit capability
LONDON, 16th July 2021 - Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce that Eran Charit will be joining its Specialty Division later this year.