Lockton
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Davies most recently served as head of global Re specialty Bermuda for the firm’s reinsurance division. -
The executive will take on the role of chairman of retro, property specialty, Bermuda and market capital.
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Lockton’s reinsurance broking arm is seeking to establish itself as a credible challenger to the Big 3.
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The privately owned broker aims to strengthen its facultative broking proposition with the appointment of Melanie Cruz from ASSA.
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The broker has filled out its representations and warranties, tax liability, contingent liability and litigation units.
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Patrick Haraden joins the business from AJ Gallagher, where he was a regional president.
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Reporting to head of London North America Mark Higgins, Dan Shaw is set to join in the autumn.
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The larger broker says it lost more than $6.5mn in revenue after leaders “solicited” colleagues and clients.
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Downey joined Marsh in 2014 after a decade in the law; her areas of expertise include blockchain and digital assets.
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New York City-based Murdock has worked at Lockton since 2019
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The deal follows an agreement the reinsurance broker reached in December to partner with auction platform Tremor Technologies.
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The intermediary cited Convex and Vantage among new entrants adding capacity to the market at the renewal.
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