Lockton Strengthens Its Strategy in Africa with the Appointment of Fady Khawam as Head of North Africa Operations

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Lockton’s Bold Move: Fady Khawam Takes the Helm in North Africa

Since Fady Khawam was appointed as the General Director of Operations for Lockton in North Africa, the brokerage and risk management group has made its ambitions on the African continent unmistakably clear.

This evolution is part of a broader strategic structuring that has been underway since his appointment in 2025 at the helm of Lockton Re MENA, signifying a more comprehensive strategic initiative in the region.

A Surge in Strategic Dynamics

In a short span, several significant advancements have been observed within the organization:

Enhanced capabilities in facultative insurance
Structuring of solutions tailored for large industrial risks
Strengthening relationships with international reinsurance markets
Accelerated regional deployment of Lockton Re within the MENA space

These developments reflect a gradual elevation of the group’s offerings in highly complex segments.

Casablanca: A Strategic Hub for Reinsurance

The choice of Casablanca as an operational base reflects a clear geostrategic orientation. The city is progressively establishing itself as a hub connecting several key areas:

Francophone Africa
The Middle East and Gulf region
Europe
Major reinsurance markets in London

This positioning reinforces Morocco’s role as a regional platform for financial services and risk management.

Evolution Driven by Rising Risks in Africa

This appointment comes amid a rapidly transforming African insurance and reinsurance market. The demand for coverage solutions is significantly increasing across various sectors:

Energy
Infrastructure
Maritime transport
Agriculture
Cyber risks
Climate risks

In response to this evolution, economic players are seeking more sophisticated solutions capable of addressing complex and cross-border risks.

Increasing Complexity in Insurance Needs

African markets are now expressing growing demands for:

Greater coverage capacities
Sector-specific specialized solutions
Multi-country arrangements
Advanced structuring of large risks

This trend is prompting international players to adapt their risk management models.

Towards Gradual Expansion in Sub-Saharan Africa

Beyond North Africa, Lockton appears to be gearing up for a stronger presence in Sub-Saharan Africa, where several dynamics are gaining momentum:

Low insurance penetration rates
A surge in energy and mining projects
Increased public and private investments
Development of major infrastructure programs

These factors create substantial growth potential for brokers and reinsurers.

Intensifying International Competition

This reorganization also illustrates the intensifying competition among major international brokers for leadership in the African reinsurance market. Africa is becoming a strategic arena where a substantial portion of global sector growth is taking place.

Through this appointment and the bolstering of its regional presence, Lockton sends a clear signal: Africa is now at the core of its international development strategy, particularly in the fields of brokerage, reinsurance, and risk management consulting.