Expanding its multi-risk advisory capabilities, the broker—active in the marine sector for over 60 years and part of the world's largest privately held insurance brokerage group—introduces a new operating model designed to address the growth opportunities of an evolving insurance market, from infrastructure development and energy projects to the untapped potential of surety solutions.
Genoa, 1 July 2026 – Lockton P.L. Ferrari has appointed Francesco Perini as Head of Asset & Bond Solutions, the division established alongside the company's longstanding marine expertise and the Global Solutions division launched earlier this year.
"This appointment reflects Lockton P.L. Ferrari's broader multi-risk positioning strategy," said Filippo Fabbri, Chief Executive Officer of Lockton P.L. Ferrari. "Our heritage in the marine sector has always been built on client focus, technical expertise and long-term relationships. Today, we are continuing along that path by investing in people and specialist teams. This is a natural progression of a business model that has been part of our identity since 1959."
"The development of Lockton P.L. Ferrari in Italy is fully aligned with Lockton's international strategy," added Andrea Guffanti, Head of Continental Europe at Lockton. "As risks become increasingly complex, clients are looking for a different kind of advisory partner—one capable of delivering solutions with agility, technical depth and a strong commitment to client needs. The results speak for themselves: Lockton, the world's largest privately held insurance broker, achieved double-digit organic growth for the sixth consecutive year, reporting approximately $4.5 billion in revenue for the fiscal year ended 30 April 2026, up 12% year-on-year. During the same period, the Group continued to strengthen its international platform, with a particular focus on Italy, Switzerland and Saudi Arabia."
Asset & Bond Solutions: An Integrated Approach to Emerging Insurance Challenges
Asset & Bond Solutions is the business line through which Lockton P.L. Ferrari extends its advisory model to the management of risks associated with complex projects and strategic assets.
The division brings together expertise across key infrastructure and industrial sectors, including Construction, Real Estate, Surety, Natural Resources, and Claims Management & Advocacy—areas where insurance, financial and operational considerations are increasingly interconnected.
Unlike firms that outsource claims handling, Lockton P.L. Ferrari has invested in dedicated in-house capabilities. Its specialist claims team provides clients with continuous support throughout the entire process, from operational management and negotiations with insurers through to strategic advice on programme design. The result is an enhanced brokerage model that positions Lockton P.L. Ferrari as a strategic partner rather than simply an intermediary between insured and insurer.
The division also benefits from deep technical expertise and the strength of an independent global organisation with more than 15,000 Associates operating in over 155 countries.
"Independence is not a slogan; it is an operating principle," said Perini. "In a market increasingly influenced by commercial dynamics, independence means being able to make decisions solely in the client's best interests and building solutions that remain effective and sustainable over time."
Infrastructure Investment Driving Insurance Demand
According to PwC's latest Outlook, more than $150 trillion is expected to be invested globally in infrastructure by 2050, with transportation and energy leading the way.
Italy is already witnessing significant activity, with major high-speed rail projects and increasingly technology-driven infrastructure developments underway. As a result, insurance requirements are growing in both scale and sophistication—from coverage solutions for large infrastructure projects through to operational-phase risk protection.
"The scale of anticipated investment and the inflow of capital into the sector are also likely to support a gradual transformation of the insurance market," said Perini. "In such a scenario, we expect greater insurance capacity, a wider range of solutions and, over the medium to long term, increased competition that may contribute to more favourable pricing. In this environment, the quality of advice and the ability to structure complex programmes will become the true differentiators."
Unlocking the Untapped Potential of the Surety Market
"Today's macroeconomic environment is characterised by a growing need for capacity supporting contractual guarantees, financial backing and alternatives to traditional bank credit," Perini said. "The insurance industry is well positioned to meet part of this demand through surety solutions. However, the market has yet to fully realise its potential. Significant domestic and international capacity remains untapped and, if properly activated and supported, could generate more than €5 billion of additional surety capacity for the Italian economy, according to Lockton P.L. Ferrari's internal analysis based on market data and international benchmarks."
Perini brings more than twenty years of experience at Aon, where he held roles across Project Finance, M&A, Property & Casualty, Bid Team, Professional Indemnity, Infrastructure and Natural Resources, working with both Italian corporates and multinational organisations.
"The challenge is not technical—it is strategic," he continued. "Risk is still too often managed in silos, without an integrated view of assets, guarantees and financial structure. Our objective is to help build a new balance between clients, brokers and insurers, founded on greater strategic alignment, stronger risk understanding and higher-quality advice, rather than purely transactional relationships."
About Lockton P.L. Ferrari
Lockton P.L. Ferrari, part of the Lockton Group, is a specialist insurance broker operating across Marine, P&I (Protection & Indemnity), Global Solutions, Surety, Natural Resources (Oil & Gas, Power & Renewables), Construction and Real Estate.
Founded in 1959 and headquartered in Genoa, Italy, the company operates internationally with offices including Milan, Ferrara, Naples and Monaco. Since joining the Lockton Group in 2016, Lockton P.L. Ferrari has further strengthened its ability to serve clients worldwide as part of the world's largest privately held insurance brokerage.
For more information: www.global.lockton.com (opens a new window)
About Lockton
What sets Lockton apart—and makes it the partner of choice for clients worldwide—is its independence. As a privately owned organisation, Lockton's more than 15,000 Associates operating in over 155 countries are focused exclusively on helping clients manage risk and achieve their business objectives. Combining global reach with decades of expertise, Lockton delivers the insight and service required to achieve exceptional results.
For more information: www.lockton.com (opens a new window)