Lockton Re, the reinsurance division of Lockton, has appointed Tom Meyer as the brand new head of the specialty division, succeeding Paul Upton, who will transition to the position of chairman of the division.
Meyer served as managing director of specialty at Gallagher Re from 2023.
His background within the trade consists of roles comparable to CEO at Chord Re, which he joined in 2017 as chief underwriting officer, and management positions at Aspen Re and Allianz Re, in addition to time spent at Willis Re.
Meyer’s experience spans reinsurance underwriting, broking and administration, with a selected deal with cross-class specialty data.
Commenting on his appointment, Lockton Re Worldwide CEO Keith Harrison mentioned: “We’re delighted to welcome Tom to the enterprise. Over the past 5 years, we have now been thrilled with the expansion and capabilities that we have now in-built our specialty strains division.
“It’s nice so as to add Tom as additional bench power as our specialty division continues to broaden at a terrific tempo.”
Meyer added: “I couldn’t be extra enthusiastic concerning the alternative at Lockton Re and the excessive calibre of my new colleagues, who’ve constructed a fame of being instrumental companions to purchasers in lots of area of interest and sophisticated specialty courses. I sit up for working with Paul and the staff and being a part of such a terrific tradition and progress story.”
Earlier this month, Lockton Re appointed Eric Paire as head of the capital advisory observe in London.
Paire joins from Aon, the place he was head of capital advisory for almost seven years.
Final month, Lockton launched a new specialised insurance coverage facility named BESS Lock to streamline protection for battery power storage system (BESS) tasks.
The power goals to offer “aggressive” pricing and encompasses a full-follow facility with a capability of as much as $315m (£244.03m), supporting one in every of a panel of BESS market insurers.
