Lockton

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.

Before the move, the executive spent 12 years at Aon working as a reinsurance broker based in London.

Lockton has recruited Liberty Mutual’s Ben Beauvais to serve as the construction practice leader for the Northeast region.

The executive will work on insurance-related solutions used in middle-market transactions.

The executive will lead the overall strategic vision for Lockton’s cyber claims practice, reporting to its US cyber and technology practice leader, Michelle Faylo.

Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.

The new unit will be led by Giuliano Montano and Antonia Martinez and overseen by Lockton’s Central America and Caribbean CEO Julian Pratt.

Based in Denver, the executive will oversee the surety practices across Colorado, Arizona, Washington, Utah and Nevada.