Independent broker Lockton has hired Jerry Ridge from Willis Re to head up its global marine and energy reinsurance division.
The broking veteran will be joined at Lockton by his former Willis Re colleague Jennifer Jones, who was an executive director at the big-three intermediary before also leaving to join its smaller rival.
Lockton said further hires in its marine and energy reinsurance team would be announced shortly.
Ridge was chairman of Willis Re’s global specialty practice, having previously served as co-CEO of the division and managing director of its global marine and energy operation.
“We’re making great strides in building a world-class marine and energy reinsurance team, and we’re delighted to welcome Jerry on board to lead that business unit through its next stage of growth,” said Lockton’s international CEO Neil Nimmo.
“Jerry brings close to four decades worth of experience within the marine and energy reinsurance market which, combined with Lockton’s dynamic and innovative approach, will allow us to offer our clients a truly differentiated broking service.”
Ridge said: “I’m delighted to be joining Lockton at such an important juncture in the development of its reinsurance business, and look forward to building out the business’ proposition in the marine and energy sector.
“We’re in the perfect position to challenge the more established players with a culture of ‘broking done differently’ that places clients and their needs front and centre.”