Lockton adds to Political & Credit Risks Division team

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Lockton, a privately-owned independent insurance broker, has appointed Raj Shourie within the Political & Credit Risks Division, where he will be responsible for leading the engagement with financial institutions internationally out of London, for both credit mitigation and country risk protection.

Shourie joins Lockton from Aon, where he was the Financial Institutions Advisory Lead for Credit Solutions. He brings with him over thirty years of experience in banking, funds and insurance in London, Singapore and Tokyo. Shourie has held numerous roles within capital markets origination, underwriting, risk distribution and loan portfolio management with leading banks including Barclays, Credit Suisse and Deutsche Bank. Previously, he qualified and practised as a corporate lawyer with Clifford Chance in London and Hong Kong.
 
At Lockton, Shourie’s primary focus will be on delivering credit mitigation tools for banks seeking to use insurance as a credit risk distribution and capital efficiency tool. These tools range from bi-lateral and syndicated insurance contracts on unsecured, asset or project backed loans to bespoke securitisation structures combining insurance with capital markets investors. In addition, Shourie will engage with funds seeking to insure traditional and non-standard risks.
 
With the convergence of credit insurance policies and bank credit risk tools Lockton is keen to expand its footprint in this area.
 
Peter Hornsby at Lockton, says: “It’s a real pleasure to welcome Raj to the team. 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.”
 
Shourie adds: “Lockton has a reputation for its focus on client service and sector-specific expertise, and I’m excited to be part of the team. As the needs and demands of its financial services client base evolve, I look forward to helping Lockton meet them.”