Lockton Re has launched a new operation in Dubai. Gerard Monayer (pictured above, left) will serve as CEO of Lockton Re, MENA, leading the new office as the company expands its presence in the region.
Keith Harrison, international CEO of Lockton Re, said the Dubai operation represents a scaling up of the Lockton MENA Treaty team, combining local expertise with global analytics and capital solutions.
“This is an exciting opportunity, and we are delighted to be welcoming Gerard and the team to Lockton Re,” Harrison said. The move is intended to enhance service and advice for clients across the MENA region.
Ata Khatib, chairman of Lockton MENA, said the expansion reflects the company’s ongoing investment and commitment to the region.
“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,” Khatib said.
Lockton Re has also made recent leadership appointments to strengthen its international capabilities. In March, Tom Meyer was named head of the specialty division in London, succeeding Paul Upton, who transitioned to chairman of the division.
The company also expanded its Latin America and Caribbean reinsurance operations with the appointment of Rodrigo Botti as treaty country head in Brazil. Botti brings senior experience from the Brazilian reinsurance sector, including executive roles at IRB Re and as founding partner of Terra Brasis Resseguros.
In a separate development, Lockton Re has appointed James Stephens (pictured above, right) as head of crisis management, based in the company’s London office. Stephens joins from Guy Carpenter, where he was managing director for non-marine specialties, and brings more than 35 years of experience as a reinsurance intermediary.
His expertise covers crisis management lines such as terrorism and political violence, entertainment & contingency, SRCC, kidnap and ransom, and product recall.
Tom Meyer, head of specialty at Lockton Re, said the creation of the new role is a response to growing demand from clients and markets.
“James has strong client advocacy experience across most property & specialty areas as well as cyber with particular expertise in crisis management lines,” Meyer said.
In the US, Lockton also recently announced several national leadership appointments across industry practices in August. These new roles span transportation, energy, law, marine, life sciences, healthcare, and construction, reflecting the company’s ongoing efforts to expand sector-focused capabilities and meet client needs in key markets.
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