Lockton Re, the reinsurance business of the world's largest privately held independent insurance broker, has launched a new operation in Dubai.
Mr Gerard Monayer has been appointed as the CEO of the new unit, Lockton Re, MENA, according to a company statement.
Commenting on the launch, Mr Ata Khatib, chairman of Lockton MENA, said, “Lockton Re’s presence in the region reflects both our sustained investment and strong commitment to MENA. Our growth ambitions are focused on delivering greater value to our partners and introducing innovative solutions. The transition of the Lockton MENA Treaty team, led by Gerard, to Lockton Re marks a natural and exciting evolution, further strengthening our Treaty offering”.
Mr Keith Harrison, International CEO, Lockton Re, said, “This new operation is a scaling up of the Lockton MENA Treaty team bringing together the local expertise and experience of best-in-class colleagues based in Dubai with global analytics, a full suite of class capabilities, and capital solutions along with global market reach so we can provide exceptional service and advice across the MENA region.”
Mr Tim Gardner, global CEO, Lockton Re said, “Lockton Re, MENA is another significant area of investment for Lockton Re as we continue to expand our platform globally to meet client needs around the world. This is our 23rd global location with a high calibre of talent that fits perfectly with our culture.”