Lockton awarded portfolio worth £500 million

by David Masters

Story link: Lockton awarded portfolio worth £500 million

Rowan Asset Management have awarded Lockton’s Real Estate and Construction division with their real estate portfolio, which is worth an estimated £500 million.

Rowan Asset Management - a privately owned international property company and fund manager - is currently looking at future investment opportunities, and is considering increasing the real estate assets under its funds by a significant level.

Richard Owen, CEO of Lockton’s Real Estate and Construction division, said that his company “demonstrated a clear understanding of our client’s insurance requirements.

“Our specialist knowledge of the real estate and construction sectors enabled us to secure improvements in cover for both Rowan’s UK and German funds, whilst successfully negotiating more competitive premium rates.”

The division has experience in countries as wide ranging as Germany, Holland, Sweden, Spain, Switzerland, Belgium, Poland, the Czech Republic, and France.

Their current activities include arranging and placing insurance programmes for residential and commercial properties. Their overall sum of insurance programmes is estimated at €60 billion.