Lockton
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Right now firms pursuing this strategy are winning, although there are some potential slow-burn issues to watch.
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Gregg Cunningham joins from Liberty Mutual Insurance, where he was executive vice president for nearly six years.
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The executives join the family-owned broker after a stint at Marsh, where they were both SVPs.
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The three former USI employees were held liable for breach of contract after violating non-solicitation clauses.
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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.
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The executive will oversee the broker’s operations in Dallas, Houston, Ft Worth, New Orleans and Birmingham, Alabama.
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The executive joins Lockton Re after almost 11 years at Aon Benfield, where he was treaty broker based in Chile.
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In his new role, he will be part of Lockton's global operations team, focused on the company's continued growth.
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Placing Platform Limited’s Next Gen platform went live on Monday after several delays.
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The executive joins Lockton after two decades in the industry, having worked for Marsh, AIG and WTW based in Pittsburgh.
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Primary liability rate increases currently range from flat to 10% for most commercial projects, private broker Lockton disclosed in its annual construction market report.
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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.
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