Lockton Re has joined the Association of Bermuda Insurers and Reinsurers (ABIR), bolstering its membership numbers to their highest ever level.
The reinsurance arm of the world’s largest independent insurance broker, Lockton Re, launched a new office in Bermuda in June, led by Jonathan (Jonty) Davies, its CEO. It joins ABIR’s Broker Advisory Cabinet of Bermuda’s leading re/insurers and brokers, which works to promote and sustain the success of the island’s market.
Brokers Marsh McLennan/Guy Carpenter and Willis Towers Watson are already on the 2021 Broker Advisory Cabinet. With Lockton Re, ABIR’s membership is at its highest since it was founded 28 years ago.
Tim Gardner, global CEO of Lockton Re, said: “Lockton Re is delighted to be joining ABIR and becoming part of this important business community on the island.
“Bermuda is both a key reinsurance hub and an important focus for the global insurance world. Our Bermuda platform is an essential evolution in our strategy, building capability to service both clients in Bermuda as well as supporting our global client offering with local expertise.
Marc Grandisson, chairman of ABIR and CEO of Arch Capital Group Ltd., welcomed the firm: “The Bermuda re/insurance market welcomes expansion of the broker community and its contribution to our continuing growth. I am pleased to welcome Lockton Re to ABIR.”
Lockton Re, Association of Bermuda Insurers & Reinsurers (ABIR), Insurance, Reinsurance, Jonathan Davies, Tim Gardner, Marc Grandisson, Bermuda