Business Overview

Lockton has formed Lockton Capital Markets to facilitate investment banking and capital markets transactions focused upon the convergence between insurance and alternative capital. Lockton is launching the business in partnership with Antarctica Capital, a New York-based private equity firm.

Vishal Jhaveri is the CEO of Lockton Capital Markets. Jhaveri is the former head of insurance and pension solutions for the Americas at Citi. He also has led alternative capital and insurance solutions teams at Houlihan Lokey, Kohlberg and JP Morgan.

Michael Calabrese, the founder and current chairman of Lockton’s Northeast operations, is serving as chairman of Lockton Capital Markets.

Leadership

The leadership team includes:

Vishal Jhaveri

 

Vishal Jhaveri, CEO 

 

 

Vishal is a seasoned banker with over 15 years of experience in insurance sector. Prior to joining Lockton, Vishal was head of insurance & pension solutions at Citigroup where he advised various financial sponsors in acquisition of insurance/reinsurance businesses. He also held number of senior roles at Houlihan Lokey, Kohlberg, JP Morgan Chase & Credit Suisse, working on range of complex credit and insurance-related transactions. Vishal received his MBA from Columbia Business School. His transaction experience includes hedge fund backed reinsurers, sale of insurance run-off books, sidecar, private equity backed re/insurers, longevity swaps, pension risk transfer and other structured finance transactions.

Image of Michael Calabrese  

Michael Calabrese,
Chairman

 

 

Michael is an experienced insurance advisor and business leader who is the Chairman of Lockton Capital Markets. He also is the Chairman of Lockton’s Northeast US operation, based in New York. For more than 30 years he has advised clients on risk management and employee benefits issues with a focus on working with private equity firms around the world. He has consulted on the insurance issues surrounding hundreds of private equity transactions in his career. He is a graduate of Wilkes University and holds a master’s degree in insurance and finance at the University of Hartford. 

Innovative Solutions

Lockton Capital Markets will focus on niche, high impact solutions for insurers and financial sponsors.

Jhaveri says, “I look forward to the opportunity to recruit and grow this team, build the business and facilitate the confluence of alternative capital and insurance. There is a market need for solutions that deliver capital, yield, liability optimization and liquidity.  Lockton Capital Markets is well positioned to offer these solutions.” 

An Expanding Market

“We are excited to expand our Lockton platform to serve the expanding market for alternative capital in the insurance industry,” said David Lockton, Chairman of Lockton, Inc. “We have a strong leader in Vishal Jhaveri to build and guide the team and provide innovative solutions for insurers, corporations, hedge funds and other clients. We look forward to partnering with the innovative team at Antarctica Capital.”

Alliance with Antarctica Capital

Antarctica Capital is an international private equity firm headquartered in New York with operations in the United States, United Kingdom, and India. Antarctica invests in real assets and insurance markets and operating companies in those sectors. Antarctica developed the SIGA® (Secure Income and Growth Assets) investment strategy to address the growing needs of long-dated liability holders.

Andrew Bonita, Managing Director of Antarctica Capital, added, “We believe Lockton Capital Markets will deliver unique access and specialized expertise to clients as the convergence of alternative capital and insurance accelerates. We are pleased to support the growth of this team.”

Contact Lockton Capital Markets

For more information, contact:

Vishal Jhaveri
[email protected]
+1 646 968 6080

 

All securities transactions will be conducted through Gnu Securities LLC, member FINRA, SIPC.

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