Ed Correia, William Lowe and Philip DiMeglio appointed to lead Bermuda team...

Lockton has launched an office in Bermuda to provide its global clients and associates with direct access to risk capital in this key insurance and reinsurance centre. The new office will focus on property, energy, financial lines, casualty and healthcare.

Ed Correia has been appointed to lead the development of the new business, together with Philip DiMeglio formerly of JLT Risk Solutions and William Lowe from Aon, who join as producers.

Paul Jack, chairman, Lockton International, global risks, commented: “Bermuda has been a magnet for insurance capital since the losses of 9/11 and more recently the 2005 hurricane season. As we develop our global foot print we felt it was essential to provide our clients with direct access to this important market.

Correia started his career in Bermuda in 1977 with AIG, before joining Reed Stenhouse (subsequently acquired by A&A) where he was responsible for captive operations. In 1992 he joined Marsh where he was promoted to managing director, property manager and deputy head of office.

William Lowe began his career with Alexander Howden and has also worked with Bain Clarkson and Jardine Insurance Brokers International as an energy market broker. Later, at Newman, Martin and Buchan he was a main board director responsible for running the Facultative Energy Division. William joins Lockton from Aon (Bermuda) Ltd, where he worked from August 2002.

Philip DiMeglio began his career with Marsh in 1996 as a placement broker specialist and transferred to Marsh’s Bermuda office in 1999 where he was responsible for the marketing and product development of the newly formed insurance companies. Philip subsequently joined JLT Risk Solutions as a partner for the handling of Bermuda management liability products to US independent retailers’ clients and prospects.