Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker, today appointed well-respected industry veteran Gregg Cunningham as Senior Broker and North American Property Facultative Leader. Gregg will be based in New York, reporting to Rob McNamara, Lockton Re Senior Broker and North American Facultative Leader.
With more than three decades of property insurance and reinsurance experience, Gregg will be responsible for leading the broking efforts of the company’s North American property facultative team.
“As Lockton Re continues on our mission to bringing in top-tier, client-focused talent, we are extremely excited that Gregg has joined our team,” said Nick Durant, CEO, Lockton Re North America. “His acumen in the property market is unparalleled and his knowledge of both the primary and reinsurance arenas make him a trusted partner with both clients and reinsurers,” Nick Durant continued.
Gregg joins Lockton Re from Liberty Mutual Insurance, where, for nearly six years, he served as Executive Vice President, leading Liberty’s National Property Practice. Prior to that, he spent more than 16 years in various senior property underwriting roles with Travelers. Gregg has also held property facultative and treaty leadership positions at CNA Re, Swiss Re and Munich Re. He began his career in 1990 with the former National Re.
“This appointment bolsters an already formidable industry-leading facultative team, one that includes Craig Wadman, Lockton Re North American Casualty Facultative Leader. Wadman, who joined the company in February 2022, has nearly 25 years of casualty experience and, like Cunningham, has a deep understanding of both the primary and reinsurance markets,” said Rob McNamara.
“Lockton Re continues to build our facultative business with the best qualified industry leading individuals, including Craig, and now with Gregg in his new role, along with our entire staff.” added McNamara.
Nick Durant, concludes, “These strategic moves – along with our client-first focus and significant investments in technology – continue to underscore our unwavering commitment of being best-in-class with respect to serving our clients’ needs in this ever-changing and challenging landscape.”