Global reinsurance broker announced the appointment of Martin Stephenson as chairman of Marine and Energy, reporting to Keith Harrison, international CEO, Lockton Re, effective July 2020.
In his new role he will work closely with Jerry Ridge, head of marine & energy and Paul Upton, head of specialty lines.
Stephenson brings more than three decades of industry experience to the role and joins from Guy Carpenter where he served as executive chairman of Marine, Energy & Political Risk for JLT RE at the time of the Marsh acquisition. Prior to that, he served as head of reinsurance at Newman Martin and Buchan LLP.
Ridge commented: “Martin is a hugely respected and well known market figure who will be a great addition to Lockton Re. His deep expertise in Marine and Energy and his experience of working with carriers who have some of the industry’s largest and most complex portfolios will further add to our ability to help clients understand, mitigate and capitalize on risk in these challenging times.”
Harrison added: “We are very excited that Martin will be joining Lockton Re in London. We are building a truly differentiated global reinsurance broker and Martin’s experience, expertise and market relationships are testament to our ability to attract the industry’s most talented and sought after practitioners. We are looking forward to welcoming him in July.”