Lockton Appoints Sarah Downey as U.S. Professional and Executive Risk Leader

Lockton's Strategic Leadership Change

Lockton, recognized globally as the largest privately owned insurance brokerage, has made significant strides in leadership with the promotion of Sarah Downey to the role of U.S. Professional and Executive Risk Leader. This strategic appointment is poised to shape the future of the company and its practices in the complex world of insurance.

A New Era for Professional and Executive Risk

Downey's promotion comes as she succeeds Devin Beresheim, who has transitioned to lead Lockton’s U.S. Risk Solutions. In her expanded role, she will be primarily responsible for broking, risk advisory, and claims support across all major lines of financial and professional insurance, signaling a commitment to enhancing Lockton's service delivery to clients.

In her new capacity, she will report directly to Beresheim and will be instrumental in driving strategic growth initiatives. “Sarah is one of the industry’s most innovative and accomplished professionals,” remarked Beresheim. Her advancement is a testament to her contributions and vision that continue to reshape Lockton's practices.

Extensive Expertise in Insurance

With over two decades of experience as an attorney and insurance broker, Downey brings a wealth of knowledge, particularly in financial lines coverage. Prior to her new position, she served as Lockton’s Head of Operations for Professional and Executive Risk, enhancing the operational framework and expanding the practice’s reach. Notably, she also held the role of Blockchain Advisory Leader, where she championed initiatives to assist blockchain companies in securing effective coverage through the Emerging Asset Protection (LEAP) team, which has successfully placed coverage for various platforms in this evolving sector.

As a thought leader, Downey frequently participates in industry discussions and engages with lawmakers on the complexities of the digital asset landscape, solidifying her reputation as a pioneer in her field. Her previous experience as Lockton's U.S. Claims Leader has further equipped her with the skills needed to navigate the technicalities of complex claims, particularly in financial and professional lines.

Commitment to Client Needs

Downey's new leadership role represents Lockton's commitment to addressing the increasingly intricate risk landscape that clients face today. Tim Ryan, U.S. President of Lockton, expressed confidence in her ability to understand and meet the needs of Associates, clients, and carrier partners alike. “We are dedicated to fostering leadership that guides our teams to deliver exceptional results for our clients,” he noted.

Lockton’s Professional and Executive Risk division is dedicated to offering clients across various industries a comprehensive suite of services that includes global insurance broking, risk advisory, and claims support for crucial financial and professional insurance lines. Their areas of expertise extend to directors and officers liability, professional indemnity, employment practices liability, and more, including innovative insurance solutions tailored for digital assets.

Lockton's Unique Model

What distinguishes Lockton in the insurance market is its independent ownership structure that empowers over 13,000 Associates operating across more than 155 countries. This independence fosters a client-centric approach, enabling Lockton to deliver tailored and effective risk management and insurance solutions. The company’s global expertise is instrumental in achieving remarkable outcomes for its clients.

For More Information

To discover more about Lockton and their innovative insurance solutions, visit their official website at www.lockton.com.

Conclusion

Sarah Downey's ascension to U.S. Professional and Executive Risk Leader marks a pivotal moment for Lockton as it continues to innovate and respond to the needs of clients in a rapidly evolving risk environment. Her appointment not only reaffirms Lockton’s dedication to leadership excellence but also enhances their capability to provide invaluable services in the insurance industry.