To lead its operations in the Mountain West region, Lockton has appointed Tate McCoy as CEO.
McCoy will oversee more than 400 Lockton associates, who serve over 2,000 clients across Denver, Phoenix, Las Vegas and Seattle.
A release said that McCoy’s appointment is part of Lockton’s long-term growth and succession plan for its Mountain West operations. The insurance broker had recently promoted Kevin Cummings as president of the Arizona office and Leo Tokar as president of Mountain West employee benefits operations.
McCoy succeeds Chuck McDaniel, who previously served as Lockton Mountain West CEO for more than 20 years. Following his decision to step down, McDaniel will continue in his business development and client advisory role as an executive vice president.
“Chuck McDaniel, COO Mark Bundy and our Mountain West Associates have done a tremendous job of delivering results for Lockton clients. They have positioned us as a leading insurance broker not just in Denver, but throughout the region,” commented Lockton president and CEO Ron Lockton. “We are excited about our opportunities for continued expansion under Tate’s leadership. Tate has earned the respect of our clients, associates and community leaders while helping drive tremendous business growth.”
McCoy was most recently an executive vice-president with Lockton and has been with the company for 22 years. In that role, he was responsible for new business development and has advised clients on risk management, employee benefits and insurance issues. He has been identified as a leading expert in complex real estate risks like multifamily housing, self-storage as well as industrial, and has experience in private equity, construction and manufacturing. He also serves on the boards of Colorado Open Lands and Colorado Academy.
