US brokerage giant announces new overseas CEO

Promotion effective in May

US brokerage giant announces new overseas CEO

Insurance News

By Terry Gangcuangco

Missouri-headquartered global insurance broker Lockton has promoted Anders Johannessen (pictured) to chief executive of the group’s operations in Norway.

Effective on May 1, the promotion will see Johannessen succeeding Cato Aamodt. The latter, meanwhile, will continue to be “a key component” of the Norwegian leadership roster, according to Lockton, which did not elaborate further on Aamodt’s transition.

As CEO, Johannessen is tasked to lead the next phase of growth at Lockton Norway, which has been growing rapidly, it was noted. At the same time, he will remain supportive of Lockton’s global marine efforts, having served as special risks head.

“Under the leadership of Cato Aamodt, we’ve developed capabilities that span professional and financial risks, transaction solutions, and private equity,” asserted Johannessen, who came on board in 2018.

“The acquisition of Edge has given us marine capabilities – and we’ve also invested in energy, property & casualty, and people solutions. Cato made all this possible – and he remains a key member of our diverse, inclusive leadership team.”          

Johannessen was referring to Scandinavian marine broker Edge, where he previously held the position of Norway chief executive.

Commenting on the leadership succession at Lockton Norway, Europe CEO EJ Hentenaar said: “Our culture and values are built on talent – and, as a result, Lockton is a magnet for doers with a single-minded focus on delivering results for clients. We’re proud of the exceptional growth our Norwegian business has driven. It clearly demonstrates the impact of investing in exceptionally talented people.

“I would like to thank Cato for his leadership and helping us build our Norway business to what it is today. I know that, under Anders’ leadership, we will continue to attract the very best people so that we can deliver the very best service in the region.”   

Joining Johannessen at the helm is Lorraine Boyle, who has been appointed as Lockton Norway chair.

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