18 June 2019, London, UK – Two new appointments have been made to the board of the London and International Insurance Brokers’ Association (LIIBA).
James Masterton, chief executive officer of Price Forbes and Partners, and David Pexton, chief executive officer of Lonmar Global Risks, take up their seats with immediate effect.
James Masterton has over 25 years’ experience in the insurance market. He began his career in 1983 in London at Sedgwick, joining as a broker of property programmes for North American corporations. He became a director of Sedgwick North America before moving to Prentis Donegan, where he led the combined non-marine groups for the merged Price Forbes Limited and Prentis Donegan & Partners
David Pexton has over 30 years’ experience in the insurance market. He has been on the board of Lonmar for 14 years and was managing director of the International and Agency Division, the largest part of the group’s business, before assuming the role of CEO. Before joining Lonmar he was managing director of SBJ nternational Insurance Brokers, and prior to that, Director of Arthur J Gallagher International.
Christopher Croft, CEO of LIIBA, said: “In James and David, we have two senior executives with immense experience of the Lloyd’s and international insurance markets. They are two major figures from our independent wholesale community – whose voice must be represented in our work. Their presence on the LIIBA board will be a huge asset during what is a turbulent period for both the market and UK commerce as a whole.”
Note to editors:
London & International Insurance Brokers’ Association (LIIBA) is the trade association representing the interests of Lloyd’s insurance and reinsurance brokers operating in the London and international markets. We have the support of the vast majority of Lloyd’s Brokers, accounting for over 95% of the Market’s business.
Our members are engaged in the placement of $67bn of premiums in the London Market and another $24bn across the world. Collectively they contribute to the Market’s 26% share of The City’s GDP or 10% of London’s GDP (2015).
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