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Ed expands professional and executive risk team

Ed, the global reinsurance, wholesale and specialty broker, has appointed Michael Lock as its new divisional director in its professional and executive risk team, effective immediately.

In this role the firm said Lock’s “financial acumen and private equity expertise” will provide invaluable support in offering insurance solutions for M&A transactions, including warranty and indemnity, tax liability and contingent liability.

Lock is a ‘Big Four’ qualified chartered accountant, has over 10 years of transactions experience. He has spent the past five years investing either directly for private equity funds or as part of buy and build programmes for their portfolio companies.

He will report to Niraj Perera, head of transactional risk.

Perea said: “Michael’s appointment closely follows the arrival of Robert Coward and evidences Ed’s continued expansion of our bespoke transactional risks offering. Despite the current economic climate, Ed has a strong focus on the M&A market, and continuing to hire and invest in the best industry talent means that we can provide top-tier support and advice to our clients.

“Michael’s UK and international investment expertise and experience working on M&A transactions will be an asset to our team, as we deliver specialty solutions to our private equity, legal and corporate clients.”

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