Lockton, the world’s largest privately held independent insurance broker, has announced the appointment of William Barber to drive the company’s international healthcare strategy, which forms part of its professional and financial service offering.
Barber will help drive collaboration across the London teams and Lockton’s international network to foster a more seamless and integrated approach, the company said. He brings more than a decade of sector-specific experience to the role. For the last five years, he has led Aon's London healthcare team. In that role, he was responsible for negotiating strategic placement and execution on a range of healthcare liability products.
The market conditions for healthcare professional liability are currently volatile, according to Lockton.
“In recent years there has been an increased frequency in the severity of claims, which has meant that healthcare professionals have not been able to achieve the rate reductions they were previously accustomed to,” the company said. “A reduction in capacity has put added pressure on prices, which is expected to continue in the coming years.”
Barber will be based in London, and will work closely with Lockton’s international teams in the US, Australia, Bermuda and Asia to syndicate the global marketplace on to one placement. This will expand capacity, reduce volatility and increase stability and opportunity for clients, Lockton said.
“I am delighted that William will head up Lockton’s international healthcare practice,” said Robbie Graham, partner, professional and financial services. “With his extensive experience and deep-rooted relationships in this sector, he will provide an added level of technical support and work alongside the London and international teams to provide new and innovative coverage solutions. By working as a joined-up team, Lockton International Healthcare is well-placed to leverage the business’s existing experience, access to technology and resources to canvass the global marketplace and provide stability for clients. We look forward to seeing our healthcare platform go from strength to strength and expand into new specialty areas.”