Lockton Re has snapped up former Aon executive Mozum Khan as global head of property innovation & solutions. Khan will work from the reinsurance specialist’s Dubai office and will collaborate with colleagues, clients, and partners worldwide.
The new position was created in response to increased client and market demand for innovative solutions supported by digital insights. Adam Troyer, global head of analytics at Lockton Re, said the addition of Khan supports the company’s goal to deliver “valuable insights and unparalleled service driven by leading edge, digital data, and analytic tools.”
Troyer noted that the role reflects the firm’s focus on meeting evolving client needs through digital capabilities and that Khan’s approach aligns with Lockton Re’s strategy.
Khan joins Lockton Re from Aon, where he served as managing director, analytics. His previous roles include head of climate & disaster data & analytics at AXA XL and treaty aggregate modelling manager at Catlin, following earlier experience at Aspen Re. Khan’s background spans both underwriting and broking across insurance and reinsurance, providing expertise relevant to his new responsibilities.
Claude Yoder, chief data, analytics & digital officer at Lockton, said the appointment highlights Lockton Re’s commitment to digital innovation.
“We are focused on supporting the data and analytical needs of our clients for today and the future, as we ensure sustained growth and success in a digital age,” Yoder said.
The appointment comes at a time when the reinsurance landscape in the Middle East, particularly in Saudi Arabia, is undergoing significant transformation. Saudi Arabia has recently seen heightened interest from international insurance and reinsurance companies, with several foreign firms exploring entry into the Kingdom’s expanding market.
At the Global Insurance Conference and Exhibition, officials from the Saudi Insurance Authority confirmed ongoing discussions with about four foreign companies considering participation in the reinsurance sector. The Authority also announced plans to implement a Risk-Based Capital regime in January 2027, aiming to strengthen underwriting capacity and enhance the sector’s global competitiveness.
The broader regional context also points to robust sector growth. The Saudi reinsurance market expanded by more than 17% in 2024, with its penetration rate rising to about 2.6%. The country has set a target to double the value of insurance premiums by 2030.
