#Canada #Toronto #risk management #Lockton #Stéphane Lespérance

Lockton's New Leadership in Canada

In an important strategic move, Lockton, the world's leading privately held independent insurance broker, has announced the appointment of Stéphane Lespérance as the CEO of its Canadian operations. This decision not only underscores Lockton's commitment to the Canadian market but also exemplifies its aim to enhance client services in an increasingly complex business landscape.

Stéphane Lespérance is a highly regarded figure in the Canadian insurance industry, bringing with him a wealth of experience accumulated over 24 years at Aon Canada. His roles there included President and ultimately CEO, where he was instrumental in transforming customer service through innovative risk management strategies tailored for large multinational corporations across North America, Europe, and Asia. His proven leadership in building high-caliber advisory teams uniquely positions him to drive Lockton’s vision as it expands its presence in Canada.

Lockton's strategy is centered around creating a company led by local expertise that caters directly to the needs of Canadian businesses. As Ron Lockton, the company’s Chairman and CEO, highlighted, Canada is among the world's ten largest insurance markets, characterized by a complex and interconnected economy. Companies in Canada are facing increasing scrutiny and pressure regarding risk and human resources management. Hence, the depth of specialization and a truly customer-focused advisory model are critical.

“With our longstanding relationships in Canada, we have consistently received feedback indicating a demand for more specialized services. The independent structure of Lockton allows us to address these needs effectively,” Lockton stated. He emphasized that Lespérance's selection reflects the strength of their privately owned model, which prioritizes customer service and delivers outstanding results.

Lespérance articulated the rationale for needing an adaptive partner in the changing landscape for Canadian businesses. He mentioned, “Companies today face a myriad of complex risks ranging from supply chain uncertainties and cyber threats to workforce shortages and rising social costs. Lockton’s independent model is tremendously relevant; it grants us the liberty to construct a genuinely client-centric platform focused on our clients' long-term success.”

As Lockton prepares to establish itself further in the Canadian market, it plans to leverage its global network while tailoring solutions equipped for local businesses. By hiring Lespérance, Lockton signifies its intent to enhance its market presence and advisory capabilities, delivering specialized services for a range of risk-related and HR challenges.

Lespérance's Background

Stéphane Lespérance holds nearly three decades of experience in risk management and has excelled in constructing risk management strategies for multinational insurance programs. His leadership at Aon Canada was marked by significant achievements, and he is also the chair of the board at the Insurance Institute of Canada. Educated in risk management at the Université du Québec à Montréal, he furthered his expertise through executive training programs at the Kellogg School of Management as well as the Booth School of Business.

Outside his professional pursuits, Lespérance is an enthusiastic triathlete and values family time. With Lespérance now at the helm, Lockton seeks to embody the principles of independence and dedication that define its service approach, aiming to bring innovative solutions for Canadian clients.

Lockton will disclose more details in the coming months as it builds its leadership team and enhances its local market presence. Operating under the name Lockton Brokers, ULC, the Canadian branch of Lockton will continue to focus on delivering personalized guidance and excellent outcomes for clients.

For more information about Lockton, visit www.lockton.com.