Lockton Re, the reinsurance arm of the global broker, has announced the hiring of Kathy McCann from Guy Carpenter, a property reinsurance and retrocession specialist.
McCann was known to be joining Lockton Re, the latest in a string of reinsurance, retrocession and also insurance-linked securities (ILS) focused hires.
She has joined the reinsurance intermediary as a Senior Broker to support client development with a focus on Property reinsurance business across various segments, including the retrocession marketplace.
Nick Durant, North America CEO, Lockton Re, commented on the news, “Kathy is a widely recognised industry figure in the global reinsurance market, and we could not be more pleased she has joined the team. Lockton Re’s ability to attract such exceptional talent over the last few years is a reflection on the collaborative and empowering platform we are building and how exciting it is for both our colleagues and clients alike.
“Our strategy has been to target clients in a number of different areas – regionals, mutuals, globals and syndicates, and over the last 12 months we have seen growth in all of these but particularly with our global clients. Kathy’s experience in working with some of the most complex global reinsurance buyers means she is able to support exceptional service in any of our client groups.”
McCann was most recently a Managing Director at Guy Carpenter, having previously been a Branch Manager for their Boston Office and an Account Executive for regional and national P&C companies.
In addition, McCann was a senior leader working with the Guy Carpenter global Retrocessional reinsurance business.
In her broking there, she predominately focused on pro-rata reinsurance placements.
Before her time at Guy Carpenter, McCann was a Senior Vice President at Benfield and during her career has also spent time working in the New York, London, and San Francisco markets.
McCann commented on joining the company, “This is an exciting next step in my career, and I am delighted to be working with such a dynamic and enthusiastic team. Lockton Re is a modern, collaborative and digitally focused reinsurance broker providing for current and future client needs. I could not be more pleased to be part of this growth story.”
Gardner concluded, “We continue to build on the exceptional expertise and capabilities we have as part of our global platform, and Kathy is a great example of the market leading talent that drives the collaborative focus of our culture. I am as excited to work with Kathy as I know Lockton Re clients will be; and know she will be a terrific asset to our expanding platform.”