Lockton launches capital markets business

Lockton has announced that the New York-based operation will facilitate investment banking and capital markets transactions focused upon the convergence between insurance and alternative capital. Lockton is launching the business in partnership with Antarctica Capital, a New York-based private equity firm.

Vishal Jhaveri will be CEO of Lockton Capital Markets. Jhaveri is the former head of insurance and pension solutions for the Americas at Citi. He also has led alternative capital and insurance solutions teams at Houlihan Lokey, Kohlberg and JP Morgan.

Michael Calabrese, the founder and current chairman of Lockton’s Northeast operations, will also serve as chairman of Lockton Capital Markets.

“We are excited to expand our Lockton platform to serve the expanding market for alternative capital in the insurance industry,” said David Lockton, chairman of Lockton, Inc.

Andrew Bonita, managing director of Antarctica Capital, added, “We believe Lockton Capital Markets will deliver unique access and specialised expertise to clients as the convergence of alternative capital and insurance accelerates. We are pleased to support the growth of this exciting new endeavour.”

Lockton Capital Markets will focus on niche, high impact solutions for insurers and financial sponsors. All securities transactions will be conducted through Gnu Securities LLC, member FINRA, SIPC.