Lockton Re, is the reinsurance brokerage arm of Lockton Companies, the world’s largest privately held insurance broker, has launched a London North America portfolio solutions division and appointed Henrietta Butcher to lead the new unit.
The team, branded LNAPS, will focus on securing reinsurance capacity for North America-based MGAs from London and other international markets. The mandate is clear.
Bring overseas capacity to U.S. and Canadian programs that can’t, or don’t want to, rely solely on domestic carriers.
LNAPS will operate alongside Lockton Re’s existing U.S. portfolio solutions business, which primarily sources capacity from North American markets. Together, the two units are meant to work as counterparts rather than competitors. One pulls from London and international balance sheets. The other stays closer to home.
Keith Harrison, international CEO of Lockton Re, says the move builds on the broker’s established delegated authority and portfolio capabilities.
That includes Lloyd’s and London Market consortia, North American binders, and hybrid or fronted reinsurance structures tailored for MGAs. The infrastructure, he argues, was already there. The focus just sharpened.
Harrison says the expansion strengthens Lockton Re’s ability to connect MGA clients with capacity on both sides of the Atlantic.
LNAPS, he explains, will specifically target North American MGAs looking outward, while the U.S. portfolio solutions team continues to secure capacity largely from domestic carriers. Two pipelines, one platform.
Butcher joins from Tysers, where she served as a managing director after spending more than 30 years at the firm. She began her career there in 1991.
Longevity like that usually comes with deep market memory, and Lockton Re is clearly betting on it.
She is joined by senior brokers David Soper, Richard Hodge, Henry Spratt, Paul Long, Laura Weir, and Charlie Butcher, supported by a broader group of broking and servicing professionals. The build-out suggests this isn’t a token launch. It’s meant to transact.
Butcher says the role offers a chance to support MGA clients through a global portfolio solutions platform rather than a single-market lens. She points to the ability to access alternative or complementary capacity across the Atlantic and beyond, regardless of where clients sit. Geography, in her view, shouldn’t dictate options.
I am delighted to be part of Lockton Re’s holistic global portfolio solution capability that offers expertise to access alternative or complementary capacity from carriers on either side of the Atlantic and from wider international markets, regardless of where MGA clients are located.
Henrietta Butcher, Lockton Re
Harrison says the investment reflects Lockton Re’s ambition to scale its international portfolio solutions business. He points to the firm’s global footprint, relationships, and portfolio analytics as tools to deliver more cohesive outcomes for clients.
According to Beinsure analysts, brokers that can genuinely bridge London and North America are becoming harder to ignore as MGA demand keeps spreading across jurisdictions.
Lockton Re says the LNAPS team fits its client-first culture. That line shows up often. Execution will decide whether it sticks.
