Lockton
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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.
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Lockton has recruited Liberty Mutual’s Ben Beauvais to serve as the construction practice leader for the Northeast region.
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The executive will work on insurance-related solutions used in middle-market transactions.
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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.
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Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage.
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The new unit will be led by Giuliano Montano and Antonia Martinez and overseen by Lockton’s Central America and Caribbean CEO Julian Pratt.
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Based in Denver, the executive will oversee the surety practices across Colorado, Arizona, Washington, Utah and Nevada.
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Rayis joins the family-owned broker after over 25 years at Skadden, where he served as tax partner and adviser.
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The executive will report to Lockton LatAm energy practice head Diego Ventosa, who has overseen the unit since 2020.
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In the lawsuit, filed last week in a New York court, WTW is seeking injunctive relief and compensatory damages over a year after Lockton lured the executives.
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Joining from Marsh, the industry veteran will help build out the broker’s property and casualty business in the market.
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