Lockton Re, the reinsurance arm of insurance broker Lockton, has launched a new division: London North American Portfolio Solutions (LNAPS), led by industry leader Henrietta Butcher.
Butcher began her career at Tysers in 1991 as Managing Director.
In his new role at Lockton Re, Butcher joins senior agents David Soper, Richard Hodge, Henry Spratt, Paul Long, Laura Weir and Charlie Butcher, and is supported by a wider team of agents and services professionals.
Henrietta Butcher commented: “This is an exciting opportunity for me, clients and potential clients.
“I am delighted to be part of Lockton Re’s overall global portfolio solutions capability, which provides expertise to help you source alternative or complementary capabilities from both sides of the Atlantic and the wider international market, wherever MGA clients are located. I find Lockton Re’s culture, drive and enthusiasm to be very welcoming and energizing.”
Keith Harrison, chief executive of Lockton Re International, said: “Lockton Re International already has significant authorized (Binders) accounts for specialist and European/international MGAs, as well as a wider portfolio business across all businesses, including Lloyd’s and London Market Alliance, North American Binders and hybrid/fronted reinsurance transactions for MGAs.
“Our new LNAPS division will specifically expand our capabilities and focus on MGA customers in North America, ensuring capacity from London and international operators.
“This expansion will fit perfectly with Lockton Re’s portfolio solutions business in the US, which is focused on securing capacity primarily from North American operators.”
Harrison concluded: “This investment supports the expansion of Lockton Re’s international portfolio solutions capabilities and will leverage our global footprint and relationships, portfolio analytics and technology to deliver superior service, innovation and cohesive solutions to all our portfolio clients.
“We are delighted to welcome Henrietta and others who are not only proven industry professionals but are a perfect fit for Lockton Re’s ambition, energy and customer-first culture.”