Lockton Re and the reinsurance market
Lockton Re’s approximately 15% growth came as insurers navigated capital constraints, evolving market dynamics, and portfolio optimization challenges – conditions that, in the current environment, have increased demand for sophisticated advisory support. The reinsurance arm continued to build out its capital markets and capital advisory capabilities during the year, investing in cyber- and credit-related offerings and expanding its global portfolio solutions. For context, Lockton Re grew 29% year over year in FY2025 – meaning this year’s performance, while still strong, reflects a moderation from that exceptional prior-year run rate.