Lockton Re taps Liberty/Travelers expertise to lead push into US property fac

Global reinsurance broker  Lockton Re has recruited an industry veteran with more than three decades of acumen in the property market at companies like  Liberty Mutual,  Travelers,  Munich Re and  Swiss Re to lead its facultative business in North America.

Gregg Cunningham joins Lockton Re as senior broker and North American property facultative leader. He will be based in New York, reporting to Rob McNamara, Lockton Re senior broker and North American facultative leader.

With more than three decades of property insurance and reinsurance experience, Cunningham will be responsible for leading the broking efforts of the company’s North American property facultative team.

Cunningham comes from Liberty Mutual Insurance, where, for nearly six years, he served as executive vice president, leading Liberty’s national property practice. Prior to that, he spent more than 16 years in various senior property underwriting roles with Travelers. Cunningham has also held property facultative and treaty leadership positions at CNA Re, Swiss Re and Munich Re. He began his career in 1990 with the former National Re.

Nick Durant, CEO of Lockton Re North America, said: “As Lockton Re continues on our mission to bringing in top-tier, client-focused talent, we are extremely excited that Gregg has joined our team. His acumen in the property market is unparalleled and his knowledge of both the primary and reinsurance arenas make him a trusted partner with both clients and reinsurers.”

McNamara added: “This appointment bolsters an already formidable industry-leading facultative team, one that includes Craig Wadman, Lockton Re North American Casualty Facultative Leader. Wadman, who joined the company in February 2022, has nearly 25 years of casualty experience and, like Cunningham, has a deep understanding of both the primary and reinsurance markets.

“Lockton Re continues to build our facultative business with the best qualified industry leading individuals, including Craig, and now with Gregg in his new role, along with our entire staff.”

Durant concluded: “These strategic moves – along with our client-first focus and significant investments in technology – continue to underscore our unwavering commitment of being best-in-class with respect to serving our clients’ needs in this ever-changing and challenging landscape.”

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