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His departure marks the fifth senior retro broker to leave Aon in recent weeks.
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Staff will receive an additional 5 percent of the withheld amount on top of the salary they agreed to forgo.
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People moves in the ILS marketplace.
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The former Argo executive will become the ILS manager's first London team member.
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The role at Lockton's Capital Markets unit is targeted at bringing together insurance and alternative asset management industries.
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Denbigh is the fifth senior Aon retro broker to leave the firm in recent weeks.
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Interim leader Larry Swets was CEO of auto insurer Kingsway.
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Scott Mackie reports to property treaty SVP Richard Mairano.
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She has over 20 years of (re)insurance experience and will start her new role at Willis Re in mid-July.
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The reinsurer will disband its life capital unit, making digital platform iptiQ standalone, as the unit's chief moves to the CUO role.
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