Lockton

Gregg Cunningham joins from Liberty Mutual Insurance, where he was executive vice president for nearly six years.

The executives join the family-owned broker after a stint at Marsh, where they were both SVPs.

The three former USI employees were held liable for breach of contract after violating non-solicitation clauses.

Following the deal, Jose Otavio Sampaio will continue as Lockton Brazil CEO while THB Brazil CEO Eduardo Lucena will become deputy CEO of the combined entity.

The executive will oversee the broker’s operations in Dallas, Houston, Ft Worth, New Orleans and Birmingham, Alabama.

The executive joins Lockton Re after almost 11 years at Aon Benfield, where he was treaty broker based in Chile.

In his new role, he will be part of Lockton's global operations team, focused on the company's continued growth.

Placing Platform Limited’s Next Gen platform went live on Monday after several delays.

The executive joins Lockton after two decades in the industry, having worked for Marsh, AIG and WTW based in Pittsburgh.

Primary liability rate increases currently range from flat to 10% for most commercial projects, private broker Lockton disclosed in its annual construction market report.

The cases were filed in California and Florida courts, states where non-competes are currently treated differently, and followed the FTC’s move to ban them.

The proposed change could disrupt M&A at brokers, shift the calculus in favor of team lifts and dial up C-suite focus on becoming an employer of choice.