Lockton
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Lockton said the new program provides full access to London market capacity, estimated to be in excess of $850mn for custody coverage. -
The new unit will be led by Giuliano Montano and Antonia Martinez and overseen by Lockton’s Central America and Caribbean CEO Julian Pratt.
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Based in Denver, the executive will oversee the surety practices across Colorado, Arizona, Washington, Utah and Nevada.
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Rayis joins the family-owned broker after over 25 years at Skadden, where he served as tax partner and adviser.
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The executive will report to Lockton LatAm energy practice head Diego Ventosa, who has overseen the unit since 2020.
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In the lawsuit, filed last week in a New York court, WTW is seeking injunctive relief and compensatory damages over a year after Lockton lured the executives.
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Joining from Marsh, the industry veteran will help build out the broker’s property and casualty business in the market.
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The scope of McCann’s new role spans across various property segments, including retrocession.
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The executive will co-lead Lockton’s LatAm treaty business alongside Pat Anderson.
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Sources said that the executive will be joined by facultative broker and former treaty senior executive Carmen Anderson.
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The firm highlighted that over the last year it has recruited more than 1,200 staff across all lines of business.
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The scale of the claim deals a substantial blow to the subsection of the energy market, but is not as large as first feared.
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