Lockton Merges Financial Services for Enhanced Global Risk Management Solutions
Lockton, renowned as the largest independent insurance brokerage across the globe, has made a significant announcement regarding the transformation of its financial services division. On March 31, 2025, Lockton revealed the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams, creating a streamlined platform now known as Lockton Professional and Executive Risk.
This strategic integration signifies an important step for Lockton as it consolidates expertise from over 750 professionals worldwide into a single operational framework. The goal is to enhance Lockton's ability to offer top-tier client value and further develop solutions tailored to meet the diverse insurance and risk management needs of its clients across various sectors.
Devin Beresheim, who serves as Executive Vice President and Head of Professional and Executive Risk in the U.S., emphasized the importance of having a comprehensive perspective on risk as businesses operate in an increasingly complex environment. He noted, “Companies and their boards require a trusted partner that sees their risk holistically.” With this unified approach, Lockton aims to not only address traditional insurance needs but also to proactively mitigate professional, executive, financial, and cyber risks that companies face on a global scale.
Leo Flindall, who is the U.K. Head of Professional and Executive Risk at Lockton, echoed this sentiment, highlighting how the integration facilitates richer knowledge-sharing and more profound insights into risk management. “Through our globally connected team, we can ensure even broader knowledge sharing, deeper risk insights, and the ability to anticipate emerging threats with greater response and precision,” he stated. This approach not only enhances Lockton's service standards but also reaffirms their commitment to continuous improvement in client satisfaction.
The new Lockton Professional and Executive Risk department now serves clients across various industries, delivering a comprehensive range of services that encompass global insurance broking, risk advisory, and claims support across all major financial and professional insurance lines. Their areas of expertise include directors and officers liability, cybersecurity, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, and fiduciary liability. They also provide innovative solutions for digital assets, showcasing Lockton's forward-thinking approach in a rapidly evolving market.
Lockton prides itself on its independence, which empowers its workforce of over 12,500 associates operating in more than 140 countries to focus solely on the needs of their clients. This structure promotes deep industry knowledge and specialization, supporting the company’s mission to deliver unparalleled service in risk management and insurance.
As Lockton embarks on this transformative journey with Lockton Professional and Executive Risk, the company continues to reinforce its position as a leading force in the insurance brokerage industry. By merging its financial services divisions, Lockton aims to pave the way for a future where companies can confidently navigate risks with a trusted partner by their side.
This strategic integration signifies an important step for Lockton as it consolidates expertise from over 750 professionals worldwide into a single operational framework. The goal is to enhance Lockton's ability to offer top-tier client value and further develop solutions tailored to meet the diverse insurance and risk management needs of its clients across various sectors.
Devin Beresheim, who serves as Executive Vice President and Head of Professional and Executive Risk in the U.S., emphasized the importance of having a comprehensive perspective on risk as businesses operate in an increasingly complex environment. He noted, “Companies and their boards require a trusted partner that sees their risk holistically.” With this unified approach, Lockton aims to not only address traditional insurance needs but also to proactively mitigate professional, executive, financial, and cyber risks that companies face on a global scale.
Leo Flindall, who is the U.K. Head of Professional and Executive Risk at Lockton, echoed this sentiment, highlighting how the integration facilitates richer knowledge-sharing and more profound insights into risk management. “Through our globally connected team, we can ensure even broader knowledge sharing, deeper risk insights, and the ability to anticipate emerging threats with greater response and precision,” he stated. This approach not only enhances Lockton's service standards but also reaffirms their commitment to continuous improvement in client satisfaction.
The new Lockton Professional and Executive Risk department now serves clients across various industries, delivering a comprehensive range of services that encompass global insurance broking, risk advisory, and claims support across all major financial and professional insurance lines. Their areas of expertise include directors and officers liability, cybersecurity, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, and fiduciary liability. They also provide innovative solutions for digital assets, showcasing Lockton's forward-thinking approach in a rapidly evolving market.
Lockton prides itself on its independence, which empowers its workforce of over 12,500 associates operating in more than 140 countries to focus solely on the needs of their clients. This structure promotes deep industry knowledge and specialization, supporting the company’s mission to deliver unparalleled service in risk management and insurance.
As Lockton embarks on this transformative journey with Lockton Professional and Executive Risk, the company continues to reinforce its position as a leading force in the insurance brokerage industry. By merging its financial services divisions, Lockton aims to pave the way for a future where companies can confidently navigate risks with a trusted partner by their side.
Topics Financial Services & Investing）
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