Capsicum Re boosts marine practice with JLT Re exec

Capsicum Re, the reinsurance broker with offices in London and Bermuda, has lured Alistair Lockhart-Smith, the former deputy chairman of global business at JLT Re.

He joins Capsicum Re as a partner to lead its marine and energy specialty business.

Grahame Chilton, founding partner of Capsicum Re, said: “Capsicum Re has only been established for 16 months yet we are demonstrating to the market what we can achieve by putting relationships first and offering customers a real alternative. I am very pleased Alistair will be joining the team; he has an impressive reputation and brings a skillset that will help grow our presence in the marine and energy market.”

Rupert Swallow, chief executive officer of Capsicum Re, added: “In the last three months we have announced some fantastic hires, demonstrating the appeal and support that Capsicum Re has across the industry.

“Alistair is a market leading producer who understands his customers and his business, which make him ideally suited to Capsicum Re and we look forward to welcoming him in due course. The talent currently within Capsicum Re, coupled with our ethos to innovate, advocate and inspire, is empowering us to challenge our established competitors and provide a ‘back to relationship broking’ service.”