Monayer appointed CEO as reinsurance broker seeks to scale its regional reinsurance presence into the GCC and MENA markets.
Lockton Re has expanded its footprint with the launch of a dedicated Middle East and North Africa (MENA) platform, establishing a new operation in Dubai led by Gerard Monayer as CEO.
The move transitions the existing Lockton MENA treaty team into Lockton Re and reflects growing demand across the region for specialist reinsurance solutions and advanced analytics.
Keith Harrison, international CEO of Lockton Re, said the Dubai base marked a major step forward.
“This new operation is a scaling up of the Lockton MENA Treaty team bringing together the local expertise and experience of best-in-class colleagues based in Dubai with global analytics, a full suite of class capabilities, and capital solutions along with global market reach,” he said. “We are delighted to be welcoming Gerard and the team to Lockton Re.”
Ata Khatib, chairman of Lockton MENA, said the launch underlined Lockton’s long-term 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,” he said.
Monayer said the expansion was a “natural progression” of Lockton Re’s collaboration with the Dubai team.
“With Lockton Re’s global expertise and proprietary tools, we can deliver deeper insights, innovative risk solutions, and greater value for our clients,” he said.
Tim Gardner, global CEO of Lockton Re, described the MENA operation as another significant investment for the platform.
“This is our 23rd global location with a high calibre of talent that fits perfectly with our culture,” he said.
No comments yet