LONDON, 20th May 2020 - Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, is pleased to announce that Martin Stephenson will be joining as Chairman of Marine & Energy in July 2020. Martin will report to Keith Harrison, International CEO, Lockton Re.
Martin will work closely with Jerry Ridge, Head of Marine & Energy and also Paul Upton, Head of Specialty Lines. Commenting on the appointment Jerry Ridge, said “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.”
Most recently Martin was at Guy Carpenter and was Executive Chairman of Marine, Energy & Political Risk for JLT Re at the time of the Marsh acquisition. Previous to that, Martin was Head of Reinsurance at Newman Martin and Buchan LLP (NMB). He brings more than 30 years of market expertise to Lockton Re.
Keith Harrison concluded, “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”.