Bankers and brokers will be ’solution agnostic’ as LRCM seeks to access broader pools of capital
Lockton Re has formed Lockton Re Capital Markets (LRCM), the component of the business designed to serve clients by accessing broader pools of capital. The announcement was made during Day One of the Rendez-Vous de Septembre in Monte Carlo.
Commenting on the formation, Robert Bisset, chairman Global Retrocession & Property Specialty, Bermuda & Market Capital, Lockton Re, said, “Pending regulatory approval, LRCM will be fully integrated into our broader reinsurance business, except as restricted by regulatory compliance.
“Our clients will see one client team. Our bankers and brokers will be solution agnostic as we are committed to our fierce Independence ethos, which means we are focused on serving clients’ interests foremost.”
Zach Breslin, leader, Lockton Re Capital Markets, said, “Over the next 18 months, as we continue to add staff, pursue and obtain regulatory approvals and build infrastructure to deliver full execution capabilities for ILS and related products, we will be onboarding execution capabilities in certain products and geographies to assist our clients through the key 2023 renewal dates”.
LRCM will become operational upon receipt of all requisite regulatory approvals .Nothing herein shall be construed or interpreted as a solicitation of any transaction in a security or commodity interest as defined under applicable law.
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Lockton Re launches Lockton Re Capital Markets