Lockton Re, the reinsurance business of the independent insurance broker, has appointed Jim Franson as North America Chairman.
Jim Franson joins Lockton Re with over 35 years of re/insurance experience, having most recently served as President at Validus Re US.
At Validus, he reportedly built a team and organisation with a portfolio of Property and Casualty treaty business.
Before that, he was Chief Underwriting Officer at Arch Reinsurance Company, establishing Arch Re as a market leader in the US reinsurance space.
Franson began his career as a broker, working at Marsh and Aon in various positions with postings in New York, London, Washington, D.C., and other locations.
Franson commented on his new role, “This is an exciting next step in my career, and I am thrilled to be joining Lockton Re.
“What makes this team so compelling to colleagues and clients is its fresh, forward-looking take on reinsurance broking, consistently creating value for clients.
“Over the course of my career, I have been fortunate to work with some very talented people, and this new role continues that trend.”
Nick Durant, CEO, North America, Lockton Re, said, “We are pleased Jim has joined Lockton Re in this newly formed role as North America Chairman. The creation of his role is a direct result of the incredible acceleration in the scope and size of our team.
“Jim’s proven leadership, enthusiasm for the business, and strong reputation in the industry make him a natural fit for Lockton Re.”
Tim Gardner, Global CEO, Lockton Re, added, “We continue to experience substantial growth and success for our clients, and Jim is a key part of our ongoing growth strategy.
“His deep experience in the global reinsurance market will further strengthen our ability to deliver unique perspectives and distinct risk transfer solutions tailored to our clients’ business objectives, and we are delighted to welcome him to Lockton Re.”
The post Jim Franson joins Lockton Re as North America Chairman appeared first on ReinsuranceNe.ws.