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Formerly Lockton leads team on new energy broker



Former Lockton Cos LLC broker Bill Kost has partnered with Jatin Sharma and Brandon Statton of Bechtel to form Nardac Risk and Insurance Services, a specialized insurance broker serving the renewable energy, conventional power, infrastructure and transportation sectors.

Nardac will focus on wholesale markets for traditional and renewable power generation owners and operators with assets worth more than $ 1 billion and major complex infrastructure projects, including offshore wind power development, in Europe, the US and Asia, Newport Beach, California, the broker said in a statement on Tuesday.

Bill Kost, most recently head of a specialist team for due diligence that supports global energy and infrastructure transactions at Lockton Cos. LLC, joins the founder Mr. Sharma together with Mr. Statton from engineering and construction contractor Bechtel, where he led infrastructure, planning and development, said the statement.

"Additional senior employment" will join the company in 2021

, the supplement added.

"The Covid-19 pandemic has greatly exacerbated the urgent need for new solutions over the last six months," Sharma said in the statement, adding that infrastructure development required more support from insurers in terms of available coverage. More news on insurance and risk management about the coronavirus crisis here . Catalog

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