Lockton Re announced Sunday that the broker has formed Lockton Re Capital Markets (LRCM), designed to serve clients by accessing broader pools of capital and providing complementary solutions to existing client offerings.
“This investment underscores our commitment to building a world class reinsurance business, capable of accessing all capital providers, across all product categories to service our clients,” said Robert Bisset, Chairman Global Retrocession & Property Specialty, Bermuda & Market Capital, Lockton Re, in a media statement.
Pending regulatory approval, Bisset said LRCM will be fully integrated into Lockton’s broader reinsurance business. “Our clients will see one client team. Our bankers and brokers will be solution-agnostic as we are committed to our Fierce Independence ethos, which means we are focused on serving clients’ interests foremost,” he said.
Zach Breslin, Leader, Lockton Re Capital Markets, said, “We are committed to product innovation as we deliver the most efficient forms of capital to fund our clients’ businesses.”
“Over the next 18 months, as we continue to add staff, pursue and obtain regulatory approvals and build infrastructure to deliver full execution capabilities for ILS and related products, we will be onboarding execution capabilities in certain products and geographies to assist our clients through the key 2023 renewal dates,” he said.
Source: Lockton Re