Lockton hires AIG’s Jainchill as US cyber product leaderLockton has appointed Chuck Jainchill as US cyber and technology product leader, with the executive joining after 16 years with AIG.
Lockton records $3.1bn revenue in 2023 fiscal year with 16% organic growthPrivately held insurance broker Lockton has reported 17 percent global revenue growth on a constant currency basis to $3.1bn for the fiscal year ended 30 April 2023, as organic revenue grew 16 percent.
Lockton appoints Franks to lead UK P&C retail businessLockton has appointed Marsh’s Clarissa Franks as head of UK P&C retail in a move the intermediary says will help drive the continued growth of the unit.
Former JLT exec Drummond-Brady joins Lockton in advisory roleFormer JLT executive Mark Drummond-Brady has joined Lockton as an advisor to its senior international leadership team.
USI awarded $2.13mn in damages in suit against three former aviation employeesA jury in Georgia district court has awarded USI almost $6mn in damages against a trio of its former aviation practice executives that joined Lockton in late 2019, with the amount reduced to $2.13mn by the judge under state law.
Lockton expands crisis management division with Bannister as head of PVTLockton has appointed James Bannister as head of global war, terrorism and political violence.
USI’s injunction expanded against former employees that joined LocktonA federal judge in Florida has reaffirmed an injunction against a Matt Simmons-led team that left USI to join Lockton in January, and expanded it to cover two more former USI employees.
Lockton bolsters Brazil presence with THB acquisition from AmwinsLockton has acquired (re)insurance brokerage THB Brazil from Amwins to kick off a “new era” for Lockton in Brazil.
Lockton elevates five leaders under new global structureLockton has elevated five of its leaders – Byron Clymer, Troy Cook, Julie Gibson, Trey Humphrey and Martyn Worsley – into new roles in a move intended to support “rapid global growth”.
Lockton builds real estate and construction unit with Gallagher’s ChesterfieldLockton has appointed Peter Chesterfield as senior vice president within the global real estate and construction (GREAC) team.
Lockton names Henningsen Texas P&C CEOLockton’s long serving Texas-based executive Jeff Henningsen has been promoted to CEO of the broker’s P&C business in the Lone Star State.
Lockton hires Mercer’s Bolander to support regional growthLockton has brought in Dallas, Texas-based Tyler Bolander as senior vice president of regional operations, with the new recruit joining after spending the past seven years at Marsh McLennan’s Mercer.
Lockton hires Aon duo to co-lead life sciences practiceLockton has appointed Brad Zechman and David Salvucci as co-leaders of its life sciences practice, with both Philadelphia-based executives joining from Aon.
Lockton adds Marsh’s Haas as Pittsburgh and Cleveland markets unit managerLockton has recruited Kevin Haas from Marsh to serve as unit manager for its operations in the Pittsburgh and Cleveland markets.
Lockton places first risk on PPL Next Gen platformLockton has placed the first risk on the newly launched Placing Platform Limited (PPL) Next Gen platform.
Lockton says Alliant and former employee Giblin “tried to extort” itLockton has hit back at a former California-based producer that joined Alliant last year stating she and her new employer “tried to extort” the company, while the Kansas City-headquartered broker has also defended itself against accusations of being a “raucous boys’ club”.
Lockton names James to lead facilities & binders in LondonLockton has appointed Michael James as head of facilities & binders within its London P&C specialties division.
Lockton: Construction primary and excess price rises continue to moderatePrimary and excess casualty rate rises for US construction business continue to be imposed throughout 2023 but the sector is seeing a moderation in price increases, Lockton has noted in a newly published report.
USI in legal fight with former Florida staff and new employer LocktonA legal battle is brewing in Florida between six newly hired Lockton staff and their former employer USI, which claims to have received at least 15 broker of record change requests that collectively generate over $2.5mn in revenue since the group resigned last Friday.
Lockton expands Nordic footprint with Swedish launchLockton is set to launch a new office in Stockholm by the end of the month to address increasing demand from clients in the region.