David Lee, who is retiring after 49 years in insurance, will be succeeded by Shelley Wright as commercial wholesale head at Lockton UK.
“As I move on over the next 12 months, I couldn’t be more pleased to leave the team in Shelley’s capable hands,” Lee said in an emailed release. “Her decades of experience and valuable relationships will be key to realising the opportunities we have developed.”
The outgoing leader, whose unit has grown by an average of 35% revenue-wise over the last three years, has been with Lockton for 11 years.
“The commercial wholesale team has been growing rapidly over the last few years,” property and casualty head Tony Hardy noted. “We have built a business that produces just short of £3 million brokerage income per annum and one that places around £34 million of premium per annum into the market.
“As the business unit grows and embraces a period of transition, our aim of providing clients with top quality service remains at the core. Shelley’s extensive experience makes her the ideal candidate to build on this momentum.”
Prior to joining Lockton, Wright was UK regional business head at Swiss Re Corporate Solutions. Her 36 years of industry experience includes time spent at Lorega, Groupama, Fortis Insurance, and Catterall Insurance Services.
“Lockton’s ambitious strategy for the commercial wholesale team and David’s leadership has grown the team from strength to strength,” said Wright, who will work with Lee as part of the handover process.
“The opportunities at Lockton for growth and development are unparalleled, and I look forward to maintaining and building on the team’s momentum and growing market position.”
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