Lockton Launches Professional and Executive Risk Insurance to Transform Global Financial Lines Business

Lockton Unveils New Professional and Executive Risk Insurance

In a significant move to elevate its operations on a global scale, Lockton, the world’s largest independent insurance broker, has announced the launch of its professional and executive risk insurance service. This new offering integrates financial services expertise with an international risk management team into a unified global platform, marking a pivotal shift in how Lockton approaches insurance and risk management today.

The newly created service aims to pool over 750 skilled professionals around the world, consolidating their strengths into a singular approach designed to deliver superior value to clients. This initiative underscores Lockton's commitment to go beyond traditional insurance offerings, providing a comprehensive experience in insurance and risk management with a truly global perspective.

Devin Beresheim, Executive Vice President and Head of Professional and Executive Risk at Lockton in the United States, emphasized the importance of having a strategic partner that evaluates risks comprehensively. He stated, "In today’s complex and interconnected environment, businesses and their boards require a trusted partner that considers their risks holistically. Lockton’s professional and executive risk insurance offers tailored solutions to enable boards and executives to proactively mitigate their most pressing global risks, allowing them to focus on driving their business growth."

The integration of global teams not only enhances the knowledge sharing process but also provides deeper insights into risk management. Leo Flindall, the head of Professional and Executive Risk at Lockton in the UK, remarked, "Through our globally connected team, we can ensure a broader exchange of ideas, more profound risk insights, and the ability to respond accurately and swiftly to emerging threats.” This structural team building reflects Lockton's continuous commitment to improving its service standards for clients.

The focus of Lockton’s professional and executive risk insurance service spans various sectors and provides comprehensive brokerage, risk advisory, and claims management services globally across all major lines of professional and financial insurance. Specific areas of expertise include directors and officers liability, cyber risk, errors and omissions liability, employment practices liability, crime and fidelity risks, fiduciary liability, and insurance solutions for digital assets.

What sets Lockton apart is its commitment to independence. The privately-owned structure allows its more than 12,500 associates operating in over 140 countries to concentrate solely on client needs related to risk management, insurance, and personnel. By leveraging its global expertise, Lockton combines profound industry knowledge, specialization in products, and a passion for delivering exceptional client service.

As Lockton forges ahead with its new professional and executive risk insurance service, it is poised to make a lasting impact on the insurance landscape by prioritizing client-centric solutions that address the dynamic challenges faced by businesses today.

With the backdrop of a consistently evolving global risk environment, the launch of Lockton’s professional and executive risk insurance service not only represents a new horizon for the company but reinforces its position as a leader in the insurance brokerage industry. This ambitious integration is expected to empower clients with the knowledge and resources they need to navigate uncertainties and achieve sustainable growth in a rapidly changing world.