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Lockton appoints Mark Costin as Head of Aviation UK

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Lockton, the world’s largest independent insurance broker, has announced the appointment of Mark Costin as Head of Aviation UK. With over 30 years of experience in the sector, Mark will lead the transformation of Lockton’s aviation offering, enhancing its capabilities and spearheading a series of strategic hires to further strengthen client support and market impact.

Lockton appoints Mark Costin as Head of Aviation UK

LONDON, February 18, 2025 – Lockton, the world’s largest independent insurance broker, has announced the appointment of Mark Costin as Head of Aviation UK, based in London. With over 30 years of experience in the sector, Mark will lead the transformation of Lo ...

Lockton launches BESS Lock facility to streamline energy storage protection

Lockton, the world’s largest independent insurance broker, today announces the launch of BESS Lock, a new specialised insurance facility designed to streamline coverage for battery energy storage system (BESS) projects.
As energy storage becomes an increasingly critical component of the renewable energy transition, securing comprehensive and cost-effective insurance for BESS projects has historically been a complex, time-consuming, and costly process.
The BESS Lock facility provides more competitive pricing through its full-follow facility, up to £250m in capacity, supporting one of a panel of industry-recognised leading BESS market insurers. This solution results in a more efficient approach for clients, who can take advantage of Lockton’s extensive energy storage expertise and insurer network to finalise chosen placements with a pricing credit within 48 hours.
This streamlined process enhances the financial viability of BESS projects, helping clients allocate resources more effectively towards project execution.
BESS Lock represents the latest solution presented to clients of the Lockton Global Energy & Power (LGE) practice, serving to keep up with today’s rapidly evolving renewable energy landscape. Since 2014, LGE has provided tailored energy storage risk solutions for projects in Europe, USA, and Australia.

Lockton, the world’s largest independent insurance broker, today announces the launch of BESS Lock, a new specialised insurance facility designed to streamline coverage for battery energy storage system (BESS) projects.
As energy storage becomes an increasingly critical component of the renewable energy transition, securing comprehensive and cost-effective insurance for BESS projects has historically been a complex, time-consuming, and costly process.
The BESS Lock facility provides more competitive pricing through its full-follow facility, up to £250m in capacity, supporting one of a panel of industry-recognised leading BESS market insurers. This solution results in a more efficient approach for clients, who can take advantage of Lockton’s extensive energy storage expertise and insurer network to finalise chosen placements with a pricing credit within 48 hours.
This streamlined process enhances the financial viability of BESS projects, helping clients allocate resources more effectively towards project execution.
BESS Lock represents the latest solution presented to clients of the Lockton Global Energy & Power (LGE) practice, serving to keep up with today’s rapidly evolving renewable energy landscape. Since 2014, LGE has provided tailored energy storage risk solutions for projects in Europe, USA, and Australia.

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Fintech is a fast moving, creative and transformational industry. Founders of start-ups enter the market with the goal of solving problems and simplifying financial transactions, in turn helping millions of businesses and consumers across the world. However, for new start-up companies, shifting from the technological landscape to navigating the world of insurance can often seem like a daunting experience.

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