Lockton hires Jones from Descartes to lead parametric in UK & Europe

Broking group Lockton has announced the hiring of Paul Jones from Descartes Underwriting as its new Head of Parametric Solutions (UK & Europe) within its Property & Casualty (P&C) Specialties division.

Lockton is the latest broker to bolster its parametric risk transfer proposition recently, with this new hire, bringing onboard an experienced, commercially focused specialist in the space to lead activities in the UK and Europe and work alongside its international teams.

Jones will report to Andrzej Danyluk, Head of International Property, and Diego Monsalve, who serves as LatAm Head of Parametric Solutions, and will be tasked with further developing and growing Lockton’s parametric proposition, working alongside other parametric and alternative risk transfer specialists from Latin America, USA, AsiaPac and the UK.

His most recent position was at tech-focused parametric company Descartes Underwriting, where he served as Commercial Director for the UK and Ireland and worked for more than two and a half years.

Prior to that, Jones spent over 10 years at AXA XL and before that AXA Corporate Solutions, in a variety of P&C focused roles.

Danyluk commented on the new hire, “We are delighted to welcome Paul to Lockton, to build our European Parametric business. Paul is considered an industry leader in this field and his arrival will provide us with the platform to enhance our offering to both existing and prospective clients around the globe. This is a huge area of opportunity for Lockton and, as a result of growing demand in our Specialty businesses, Paul’s knowledge, experience and creativity will further enhance our ability to serve clients in an ever-evolving risk landscape.

“As Lockton continues to grow its international presence, this gives us greater ability to work seamlessly with our teams around the world to support our clients and partners by creating new products, supported by the best analytics and executed in a growing global marketplace.”

Jones added, “I am thrilled to be joining Lockton to develop its Parametric proposition to clients. It is a really exciting time to come on board and I look forward to working with Lockton’s specialists across the globe to develop the most innovative solutions for clients. The opportunities for growth are unparalleled and I am excited to build on the team’s momentum. I can’t wait to get started.”