Bermuda market veteran Robert Bisset has joined Lockton Re as chairman, global retrocession and property specialty, Bermuda and Market Capital.

The company said his appointment is subject to regulatory approval.

Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker, said Mr Bisset joins a very successful and active global retrocession team that will be further strengthened by his considerable reputation and market standing.

Mr Bisset will also become a member of Lockton Re’s global executive committee.

Tim Gardner, Global CEO, Lockton Re, said: “We are delighted Bob has joined Lockton Re, his enthusiasm for the business is testament to our culture, strategy and the great team we are building.

“Bob brings three decades of experience in the industry, having worked in the US, Sydney, Bermuda and London, he has a unique and valuable market perspective.

“Bob will support the strategic growth of Lockton Re as we continue to garner great support from clients and markets across the reinsurance world.”

Mr Bisset was most recently strategic growth leader for Aon Reinsurance UK, focused on driving business development across Aon’s London-based global businesses in addition to his retrocessional client responsibilities.

Lockton said he began his career at EW Blanch in 1994 in the US, eventually joining the EW Blanch Capital Markets division which took him to London in 1998.

In 2002, Mr Bisset transferred to Bermuda to assist in the creation of Benfield’s new platform on the island and later became CEO of the Benfield, then Aon Benfield, Bermuda office.

He relocated to London in 2013 and ran Aon’s Global ReSpecialty team as CEO from 2014 to 2019.

Keith Harrison, International CEO, Lockton Re, said: “Bob is a great addition to our global team, he will be supporting the ongoing expansion of our global retrocession and property specialty offering as well as playing a key role in our new Bermuda operation and growing Market Capital capability.

“Bob will work with Lockton Re colleagues and clients across the business and will be based in our London office. I’m excited to be welcoming Bob to the business and our management team.”

Nick Durant, North American CEO, Lockton Re, said: “In a relatively short period of time we have built a global reinsurance platform that is resonating with both global and regional clients. We are clearly focused on our next phase of growth and I look forward to working with Bob as we continue on this great journey.”