Life Insurance

Lockton taps industry veteran to lead engagement with financial institutions

Lockton, the world’s largest privately owned independent insurance broker, has announced the appointment of Raj Shourie to its political and credit risks division. In his new role, Shourie will lead engagement with financial institutions internationally for both credit mitigation and country risk protection. He will be based in London.

Shourie has more than 30 years of experience in banking, funds and insurance in London, Singapore and Tokyo. Prior to joining Lockton, Shourie served as financial institutions advisory lead for credit solutions at Aon and he has also held numerous roles in capital markets origination, underwriting, risk distribution and loan portfolio management.

Shourie has held positions at leading banks including Barclays, Credit Suisse and Deutsche Bank and he previously practiced as a corporate lawyer with Clifford Chance in London and Hong Kong.

In his new role, Shourie’s primary focus will be on delivering credit mitigation tools for banks looking to insurance as a credit risk distribution and capital efficiency tool. He will engage with funds seeking to insure both traditional and non-standard risks.

Read next: Lockton brings in new chief financial officer

“It’s a real pleasure to welcome Raj to the team,” said Peter Hornsby, partner and member of the Europe executive committee at Lockton. “His strong international experience reflects that of our globally focused team, and his deep knowledge of credit risk strengthens our offering for our clients as we grow. The risk landscape for financial institutions is continually shifting, and we have developed a compelling proposition to help our clients navigate it.”

“Lockton has a reputation for its focus on client service and sector-specific expertise, and I’m excited to be part of the team,” Shourie said. “As the needs and demands of its financial services client base evolve, I look forward to helping Lockton meet them.”

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