Lockton taps new head for reinsurance in AU and NZ

Lockton taps new head for reinsurance in AU and NZ | Insurance Business

Lockton taps new head for reinsurance in AU and NZ

Lockton International has appointed Stephen Punch (pictured) as executive manager – reinsurance Australia & New Zealand. The appointment took effect on July 27, according to a statement from the company.

Punch has over 25 years’ experience in both broking and underwriting for the Asia-Pacific market, providing risk and capital solutions for insurers, reinsurers, MGAs and government entities. He was most recently with JLT Re as deputy CEO for Asia-Pacific and CEO of its Australian business. Earlier in his career, Punch worked at Willis Re, Aon Benfield, and Gen Re, having held various underwriting, broking, and leadership roles.

“The reinsurance landscape is rapidly evolving and provides Lockton with an excellent opportunity to establish a solid footprint in the Australian and New Zealand reinsurance markets,” said Richard Broad, CEO of Lockton International APAC Reinsurance. “Stephen’s experience in the region will play a valuable part in achieving our goals.”