Sivakumar Venkatraman

Giving you access to the most competitive markets
Whether commercial or private, executive jet or utility helicopter, the ownership and operation of an aircraft carries with it a unique range of risks. Our team of specialists will work with you to ensure that your aviation business – from airlines, to leasing companies, manufacturers, airports and service providers – is adequately protected whether it’s physical damage to an aircraft or other associated exposures.

Our services
We cover the full spectrum of aviation and aerospace risk whether owner or operator, manufacturer or service provider, refueller or agent.

Our services include:

All risks Hull, spares including war risks and deductible insurance

Aviation liabilities, including passengers and contingent liability

Loss of licence, personal accident and other non aviation related insurance cover

Hull and liability war risk coverage extensions

Overhaul and repair facilities

Premises/public liability

Product liability for manufacturers and components

Casualty insurance is at the center of protecting your business
A comprehensive liability program is a crucial part of maintaining your company’s value. It is also a requirement for doing business in a global economy. Developing an in-depth understanding of our clients risk exposures and insurance requirements is fundamental to our approach. Our team is central to this process with past experience in underwriting, risk management and broking in the region. It is through this that we are best positioned to deliver cost efficient insurance structure that is both fit for purpose and delivers risk-appropriate coverage.

Services
Lockton specializes in liability solutions that provide broad risk protection, including:

General liability

Product liability
Product recall
Workers’ compensation
Motor liability
Event liability/cancellation
Environmental impairment
Professional liability (Medical malpractice)
Umbrella liability and excess
Defence Base Act insurance

Your strategic partner for risk management and insurance services.
In the construction sector, risk creates uncertainty that can increase costs, erode stakeholder confidence and hinder the delivery of project goals. Our risk management strategy is designed to reduce this uncertainty, giving your business a competitive advantage.

As the Middle East and North Africa continue to invest in the expansion of their cities and economies grow stronger, our portfolio of construction projects increases and diversifies further including large industrial, retail and residential construction projects, energy projects, power generation projects (including nuclear and renewable energy).

Our Services
The range of services we offer includes:

Construction All risks, Erection All Risks, Contractors Plant and Machinery liabilities
Delay in Start Up
Project Cargo
Project Professional Liability
Owner Controlled Insurance Programme (OCIP)
Construction
Contractor programme
Project finance transactions
Package policies (construction plus 1st year operations)
Risk management advice and guidance including Delay in Start Up (DSU) Study

Working to protect your business from cyber risk.
From ransomware to phishing, targeted hacks, malware, or IP theft, the cyber threats to every business continue to grow in number and complexity. Many breaches occur by exploiting vulnerabilities, through human error or the actions of an insider and that in some cases, can go undetected for months.

Whatever the cause, the failure to deal effectively with the cyber threat could lead to significant financial damage as well as long term reputational harm – regardless of company size.

Marine
Marine Cyber Security
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Our services
We specialise in a range of services including:

Cyber Risks
Information security and privacy liability
Data breach response
Network business interruption
Cyber extortion
Digital asset loss
Technology errors and omissions
Reputational harm recovery
Media liability
Crisis management costs

We’ll deliver employee benefits programmes that are aligned to your business objectives
As the region strives to increase its appeal to foreign workers and encourage local citizens to take up meaningful positions in the workplace, finding Employee Benefits solutions to suit your staff can be a challenge.

Creating high quality, cost effective employee benefits packages requires strong relationships with local markets. This allows our associates to negotiate the best deals, at the best price for our clients.

Our team work with you throughout the year to ensure your staff are happy and healthy, arranging wellness sessions to promote healthy lifestyles, check vitals and introduce innovative ways to track and lose weight.

We work with you to ensure employee health is maintained, productivity increased and sick-leave reduced.

Our services
Insurance covers we place include:
Medical and Life insurance
International benefits
Primary care/occupational health/screening
Critical illness/dental/optical
Flex/voluntary products

Consultancy services we offer include:
Benchmarking & gap analysis
Group performance analysis
Global programme management
Due diligence
Employee wellbeing programmes

Protection for those unforeseen events
A high profile event or marketing campaign can help you grow your business. Yet if something goes wrong, you may pay a high price. For example your event could be cancelled or postponed due to weather, national mourning or if the celebrity you booked to promote your event isn’t able to appear. Whether you are an event organiser, broadcaster, sponsor, brand, exhibitor or even a private individual, contingency insurance protects your costs, expenses and revenues if the unforeseen should happen.

Lockton’s expert team will make sure you have the insurance coverage you need to:

Maximize your event or promotion with minimum fixed cost
Protect against disasters that could cost you visibility and revenue

Our services
The range of services we offer includes:

Event cancellation
Conference and exhibition cancellation
Non-appearance
Weather risks – including cover for stabilising income, unseasonal rain, extra expenses and cost containment
Prize indemnity
Contractual bonus
Over redemption
Death, disablement, disgrace
Booking refund cover

You can be sure your company – and your wealth – are in safe hands
Financial Lines insurance encompasses a range of innovative and competitive insurance programmes. Our team of specilists can help you protect your corporate balance sheet and reassure your board members.

With all companies facing increased regulatory and operational risks, we can help you protect the personal assets of your company and senior employees, staying ahead of changing regulation across multiple markets. This leaves you to deploy capital where it’s needed to help your business grow. As well as helping reducing your liabilities when you enter into processes like corporate mergers or acquisitions, we defend your business and your assets against crime, allowing you to protect margins for your shareholders.

Lockton are entrusted by leading financial institutions across the MENA region with their insurance and risk management needs.

Our services
Our services include:

Directors’ and Officers’ liability
Professional Liability/Indemnity (E&O)
Crime
Bankers Blanket Bonds
Investment Managers Insurance
Cyber Risk
M&A Insurance
Warranty Insurance

Marine insurance designed for your needs
As the shipping world continues to contend with rapid industry change such as over supply and reducing demand, increasing regulation and security concerns, the risk challenge of protecting ships and associated maritime infrastructure continues to grow.

Serving maritime industries including offshore, logistics, ports and terminals, cruise and passenger, bulk and commodity traders and marine construction, we are experts in marine insurance solutions.

As well as brokers, we’re your advisers and consultants
Our experienced team works closely with a wide range of clients, including ship owners and operators, charterers, marine contractors, equipment lessors, institutional investors, port authorities, terminal operators, marina operators, owners of yachts, ship builders and ship repair yards.

Marine
Marine Cyber Security
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Our Services
The products and services we offer include:

Hull
Hull and machinery
Increased value, freight, and anticipated owners’ interest
War and terrorism, kidnap and ransom
Loss of hire and loss of revenue
Construction and builders’ risks
Yacht insurance
Cargo
All types of cargoes and stock and throughput policies
Project Cargo
Land transit, Household goods and personal effects
Freight Forwarder / Logistics Liabilities
Liability
Comprehensive general liabilities, including contractual liability
Cargo Owners Legal Liability (COLL)
Cyber security
Terminal operators’ liabilities
Ship repairers’ liability
Transport / logistics / freight forwarders’ liabilities
Professional liability
Excess marine liabilities
Portfolio marine liability reinsurance risks
Special risks
Protection and Indemnity
Mutual and fixed premium cover
Charterers’ liability, including damage to hull and bunkers
Specialist operations, salvage operations and towage
Mutual club exclusion buy backs (non-poolable risks)
Liabilities arising from ownership or custody of cargo

When you trade or invest across borders, your balance sheet is at risk
Our team can arrange Credit products to help mitigate exposures for a company or financial institution trading or investing overseas. Available products provide coverage against non-payment or non-delivery of a contract; the subject matter to be insured can include but are not limited to, accounts receivables, loans, amounts due under a Letter of Credit or amounts not honored against a guarantee.

Lockton can also arrange Political Risk Insurance (PRI). PRI products are designed to address your cross-border exposure to government action and political events in emerging markets. Some industries are highly reliant on physical operations located in politically volatile countries. PRI covers political events including the direct and indirect actions of host governments that negatively impact investments and are not properly compensated for war, trade embargoes and expropriation, all of which can impact your business and bottom line. The product also serves as protection for shareholders, creditors and other financial partners against unforeseen losses due to a covered event.

We work with commodity traders and the banks that finance them, as well as with equity investors who have subsidiaries or physical assets abroad. Our global client base includes leading banks, construction companies, international commodities traders, industrial companies, miners, oil producers and exporters.

Our services
We investigate the insurance market to find counterparties who’ll take on your political and trade credit risks at a premium you’re comfortable with.

We’ll advocate for you and negotiate hard on your behalf. As well as this, we’ll:

analyse your risk and identify areas where a government action may threaten your investment
study your contracts and recommend changes if needed to make them insurable
suggest ways to structure your risk to reassure underwriters, such as obtaining collateral or guaranties
get underwriters more closely involved with you and your risk to develop a true partnership
advise you on the best way to manage your risk, not just the best insurance to buy

You don’t have to be a target,
to be a victim

Sabotage and Terrorism is an evolving risk in an ever changing political landscape. Lockton MENA are a leading specialist in Sabotage & Terrorism and Political Violence placements with experience in handling an array of clients from the oil and gas industry, banking, major hoteliers, motor vehicles distributors, infrastructure including rolling stock and government assets.

Nobody is immune from the risk of social unrest and terrorism, businesses and industry can be affected by attacks within their street, area or country. Businesses also suffer collateral damage as a result of incidents within close proximity to their insured locations including glass breakage, access prevention and reduced revenue post loss.

Developing bespoke solutions
Our products provide clients with a tailor made solution to cover a variety of exposures. We recognize that not every client’s needs are the same. Our standalone Terrorism and/or Political Violence programmes are tailor made specifically to suit each client’s exposures and assets through bespoke wordings and coverage offered.

Our services
Terrorism, sabotage and political violence including bespoke products for:

Terrorism liability (GL/EL)

Political violence property damage and business interruption

Loss of attraction

Active shooter

Terrorism Crisis Solutions

The threat of a malicious act

Work place violence

Non damage related business interruption

Personal service designed around you
Our clients come from a variety of backgrounds, with interests and passions that reflect their different circumstances, personalities and requirements. Whilst each client is unique, they share a common need to protect and preserve their wealth and investments.

Personal and flexible
Lockton are the first International Insurance Broker in the region to receive Chartered Broker status from the Chartered Insurance Institute (CII) – the gold standard of excellence, professionalism and integrity. So you can be certain that your home and valuables receive the highest standard of protection under our care.

Our UAE-based personal insurance experts provide help and support with insuring your high value items, helping you access market leading cover that includes items such as jewellery, watches and cars.

HNW Motor
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Our services
We deliver comprehensive and strategically tailored insurance solutions to help you manage the complexity of risks that ownership of the assets can bring.

Motor
Property
Art
Jewellery
Aviation
Yacht

Protecting your professional practice
Providers of professional services organizations can be targets of professional negligence claims from their clients and third parties. Reliable Professional Indemnity insurance is key to successful business planning and guards against financial loss and repetitional damage experienced by the client as a result of incorrect advice.

Our services
You can count on Lockton to provide specialist risk management advice, assistance, and insurance to you as our professional services client including:

Multi-year single project professional indemnity
Cyber liability insurance
Management liability insurance
Crime insurance

Protecting your assets
Property insurance varies considerably, depending on your risk profile and business footprint. Lockton’s specialists will work closely with you to create a custom solution that delivers optimum value.

Our large property portfolio is diversified and spread across the Middle East and North African Region. Our experts will act as an extension of your team to accurately identify, develop and implement the property program that is right for you.

Our services
Detailed Business Interruption analysis

Direct involvement in face-to-face brokering of accounts to most senior underwriters
Assistance with complex claim recovery
Preparation and execution of RFPs
Market updates and assistance with preparation of management reports

Making a difference for every client every day
Headquartered in Dubai’s DIFC, our team of experienced reinsurance brokers, analysts and fully qualified actuaries, provide Lockton MENA clients with clear, sensible advice and updates from both the regional and international markets. Our understanding of the local market dynamics is unparalleled. Our duty is to deliver insightful research and feedback based on the latest developments and regulatory changes in your lines of business. As a result, we are able to to help you maintain solvency and protect your balance sheet.

Global passion, Local expertise.

Our Services
We are experts in structuring and placement of proportional and non proportional treaty reinsurance programmes for various classes of business including specialty lines.