Lockton Re, the reinsurance business of insurance broker Lockton, has appointed Darsh Patel to lead Transaction Structuring and Reserving Analytics globally and Jack McGregor to lead Retrospective Reinsurance and Legacy Solutions for North America.
Meanwhile, McGregor joins Lockton Re from Fortitude Re, where he was Chief P&C Reinsurance Officer.
McGregor has also held senior roles at AIG, including CEO of its Eaglestone Re subsidiary, and began his career in the legal profession as a trial litigator and, later, as counsel to the Kemper Insurance Companies.
Lockton Re noted that Patel will be based in its London office, while McGregor will be based in Chicago, where he will further strengthen Lockton Re’s growing North American Casualty Segment.
James Dickerson, Head of Retrospective Reinsurance and Legacy Solutions, Lockton Re, commented, “We are delighted to bring individuals of such a strong calibre into our team.
“Both Darsh and Jack are recognised as market leaders in their respective fields with over 50 years of industry experience between them.
“Their complementary skills materially enhance our global claims and reserving analytics function as well as our specialist executive broking capability.”
Eric Paire, Head of Capital Advisory, Lockton Re, said, “Darsh and Jack are two key additions to the retrospective & legacy team led by James.
“They enhance our capabilities in the US, the London market and Europe at a point in the insurance cycle where retrospective solutions are extremely useful tools for our clients to manage capital, and profit and loss. Both these new roles will work with Lockton Re clients and colleagues across the globe”.
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