Lockton Re hires rising star in Bermuda to boost cyber business

Lockton Re has hired Patrick Bousfield as a senior broker in its Bermuda office. He joins from Gallagher Re (previously Capsicum Re) in New York, where he led its cyber offering as part of the specialty team.

Bousfield has over 12 years of treaty and facultative experience in re/insurance hubs including Toronto, Sydney, London and New York. He has received numerous industry awards, including Intelligent Insurer’s Rising Stars award.

Jonathan Davies, CEO of Lockton Re Bermuda, said: “We’re delighted to have Paddy joining our growing team at Lockton Re in Bermuda. Through interactions with clients and markets, we’ve highlighted the speciality/casualty market as an expanding area for Bermuda. Paddy’s background and success in cyber and specialty lines is a sign of our commitment to developing these capabilities locally.”

Nick Durant, North America CEO of Lockton Re, said: “We are invested heavily in cyber, casualty and specialty lines expertise on both sides of the Atlantic and so further connecting that expertise with markets and clients in Bermuda is a natural extension. We look forward to working with Paddy.”