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, expanding its international platform for MGA-focused capacity placement. The new unit, known as LNAPS, will be led by Henrietta Butcher.
LNAPS is designed to source reinsurance capacity for North America-based MGAs from London and other international markets.
The team sits alongside Lockton Re’s existing U.S. portfolio solutions operation, which concentrates primarily on capacity from domestic North American carriers.
Keith Harrison, international CEO of Lockton Re, said the launch builds on the broker’s established delegated authority and portfolio business. That includes Lloyd’s and London Market consortia, North American binders, and hybrid or fronted reinsurance structures tailored to MGAs.
“Lockton Re International already has a significant delegated authority (Binders) account for Specialty and European/International based MGAs, as well as a wider Portfolios business across all lines, that includes Lloyd’s and London Market Consortia, North American Binders and hybrid/fronted reinsurance transactions for MGAs,” Keith Harrison said.
Harrison said the expansion strengthens Lockton Re’s ability to link MGA clients with capacity on both sides of the Atlantic.
LNAPS will concentrate on North American MGAs seeking access to London and internationally based carriers, complementing the U.S. portfolio solutions team that sources capacity mainly from domestic markets.
Butcher joins from rival broker Tysers, where she spent more than 30 years and most recently served as managing director. She began her career there in 1991. Experience like that doesn’t reset easily.
She is joined at Lockton Re by senior brokers David Soper, Richard Hodge, Henry Spratt, Paul Long, Laura Weir, and Charlie Butcher, alongside a broader group of brokers and servicing specialists. A full bench, not a token launch team.
Butcher said the role gives her the opportunity to support MGA clients through a global portfolio solutions platform that draws on capacity across multiple regions. She pointed to access to alternative and complementary carriers, regardless of where an MGA is based, as a central part of the proposition.
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
Harrison said the investment signals Lockton Re’s intent to grow its international portfolio solutions business. He cited the firm’s global footprint, carrier relationships, portfolio analytics, and technology as tools to deliver a unified offering for portfolio clients.
According to Beinsure, that combination is increasingly what MGAs look for when capacity tightens or shifts location.
Lockton Re provides analytics-driven reinsurance solutions to insurers worldwide, combining advanced technology with personalized client service. The unit has become a fast-growing competitor in the global reinsurance market since its launch in 2019.
