The integration brings together more than 750 associates under one platform. With businesses operating across multiple jurisdictions and facing heightened regulatory scrutiny, cyber threats and evolving financial risks, the consolidation is designed to provide a more coordinated approach to risk management.
"In today’s complex and interconnected environment, companies and their boards require a trusted partner that sees their risk holistically," said Devin Beresheim, executive vice president and US head of professional and executive risk at Lockton. "Lockton Professional and Executive Risk delivers tailored solutions to help corporate boards and C-suite executives proactively mitigate their most pressing risks on a global level, so they can focus on growing their business."
The restructuring reflects a growing trend in the insurance sector, where firms are consolidating expertise to provide more comprehensive solutions for clients. By combining its teams, Lockton aims to improve knowledge sharing, enhance risk insights, and respond more effectively to emerging threats.
"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," said Leo Flindall, UK head of professional and executive risk at Lockton. "The launch of this unified team is another milestone for Lockton, reflecting our commitment to continually improving our standard for client service."
Lockton Professional and Executive Risk will provide insurance broking, risk advisory, and claims support across various industries. Key areas of expertise include directors and officers liability, cyber risk, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, fiduciary liability, and insurance solutions for digital assets.
