Lockton Re appoints Stephenson chair of marine and energy

Global reinsurance broker Lockton Re has named Martin Stephenson as Chairman of Marine & Energy, effective July 2020. In his new role, Stephenson will report to Keith Harrison, International CEO at Lockton Re, and will work closely with Jerry Ridge, Head of Marine & Energy and also Paul Upton, Head of Specialty Lines.

Stephenson, with more than 30 years of industry experience, most recently worked at Guy Carpenter and was Executive Chairman of Marine, Energy & Political Risk for JLT Re at the time of the Marsh acquisition. Previously, he has served as Head of Reinsurance at Newman Martin and Buchan LLP.

Ridge said that Stephenson was “a hugely respected and well known market figure who will be a great addition to Lockton Re. His deep expertise in Marine and Energy and his experience of working with carriers who have some of the industry’s largest and most complex portfolios will further add to our ability to help clients understand, mitigate and capitalize on risk in these challenging times.”