Lockton
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The former JLT Re chairman rejoins old colleagues including Keith Harrison, who is now Lockton Re International CEO. -
Lockton Re is targeting $400mn in annual reinsurance revenue by the time the business is up to scale.
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The parties agreed to a “mutual resolution of all claims”, noted Guy Carpenter’s legal counsel.
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Dean Anderson, Roger Maldonado and Taylor Anderson will join the broker’s southeast practice in Atlanta, Georgia.
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The Miami-based group will initially focus on developing property and casualty, employee benefits and corporate business.
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Under the proposed deal Littell has agreed to remain bound by an injunction for two years.
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Will Seccombe and Mindy Ng have joined the broker from Marsh-JLT.
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Peter Clune will replace Ron Lockton who in turn takes over as chairman from his uncle David.
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The broker said it will engage in “meaningful discussions” over concerns Tim Gardner, Nicholas Durant and Claude Yoder violated a court order.
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David Littell is barred under the court order from contacting old clients at Willis Re.
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The company will target a broad book of business in going up against the big three brokers, say sources.
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This publication revealed that Simon Mills and Fraser Howard had left JLT Re earlier this year to join Lockton Re.
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