UIB picks Lockton talent for expansion in growing downstream market

International re/insurance broker UIB has bolstered its energy and construction division with a senior hire from Lockton.

The company has promoted Mathieu Sahhar (pictured left) to head of downstream energy, and brought in Chris Saada (pictured right) to join as associate director for downstream energy.

Having initially joined UIB in 2012, gaining experience in the international property sector as a broker for major international property clients, Sahhar moved into UIB’s downstream energy team in 2018. Reporting to Marc Perrin, executive director, energy & construction division, he will now be responsible for the entire downstream energy portfolio and heads all London Market broking for energy and power accounts, including the marketing, renewal negotiation and placement of oil, gas, mining, petrochemical and power generation business.

Saada was most recently vice president, head of London MENA desk at broker Lockton, and previously served as VP, head of energy and construction based in its Dubai office. Prior to Lockton, Saada worked at Marsh Middle East and Africa. His ten years of experience working in the UAE include retail and wholesale insurance and reinsurance activities.

UIB said Saada is a highly knowledgeable insurance professional with extensive international experience in insurance and reinsurance broking. He is skilled in the structuring, servicing, placement, and account delivery of downstream energy programmes including conventional power and renewables across property damage, business interruption and construction reinsurance.

Shaun Barrington, chief executive officer of UIB, said: “Downstream Energy is an incredibly important part of UIB’s diverse portfolio of business. The appointment of Mathieu as Head of the team emphasises both the regard in which we hold him and his experience, but also our commitment to strengthening and developing the team’s presence in this growing market.”

Marc Perrin, executive director, energy & construction division, added: “I am pleased to welcome Chris to the team. He possesses the ability to develop and maintain strong relationships with insurers, cedants and direct clients. He also has a proven track record of successfully leading and being part of high performing teams that have shaped and successfully executed strategies in maturing market environments. Together, Mathieu, Chris and the rest of the team will help identify and capitalise on the opportunities this market presents as we continue to concentrate our efforts on strategic growth and global development.”

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