Lockton Re has launched its Bermuda office with the appointment of Jonathan (Jonty) Davies as chief executive officer.

Mr Davies joins Lockton Re (Bermuda) Limited from Aon Reinsurance Solutions where he was most recently head of Global Re Specialty Bermuda.

Tim Gardner, Global CEO, Lockton Re, said: “Bermuda is a key evolution in our strategy, building capability to service both Bermuda-based clients as well as supporting our global client offering with Bermuda-based expertise.

“Jonty’s reputation and experience are a great addition to our formidable team on the island. Coupled with our strong London-based retrocession and property specialty team led by Matt Foreman and the support of Bob Bisset, who recently joined Lockton Re as chairman for Lockton Re Bermuda, we have created a truly world class team.”

Mr Bisset added: “Great to have Jonty as part of our global team and Bermuda build out, joining other key appointments including Tom Parcell who joined in February as chief broking officer, Vittoria Canale who joined last year as operations executive and Tucker Moore who joined in April as a broker.”

Lockton said Mr Davies joined Aon in 2006 and held a number of roles across property, casualty and specialty lines. In 2010, he moved into the Global Re Specialty division initially as a mariner, before his primary focus became retro and property specialty, working particularly closely with reinsurers and ILS funds out of London, Zurich and Bermuda.

Keith Harrison, International CEO, Lockton Re, said: “Our Bermuda platform is another milestone in the Lockton Re story which has clients and colleagues at its core. Jonty will oversee the development of our Bermuda expansion and connectivity, enhancing Lockton Re’s capabilities for both production and marketing of global retrocession, ILW’s, P&C and specialty lines.”

Nick Durant, North American CEO, Lockton Re, said: “Across Lockton Re we are finding our clear focus on building a great culture, creating industry leading tools and capabilities, and hiring the best people is resonating with clients and supporting our continued growth.

“We are all looking forward to working with Jonty and the team in Bermuda and supporting this important reinsurance hub.”

Lockton Re is the global reinsurance business of the world’s largest privately held independent insurance broker, Lockton Companies.

The new operation is located at 141 Front Street in Hamilton.