Lockton, the world’s largest independent insurance brokerage, has named Tim Ryan as its new US president, effective immediately.
In this role, Ryan (pictured) will report to chairman and CEO Ron Lockton and collaborate with the leadership team. He will also focus on attracting industry talent.
Ryan, who has served as COO of Lockton’s Northeast operations for 19 years and has 30 years of industry experience, has overseen significant growth, geographic expansion, and integration efforts.
In his new role, he will lead Lockton’s largest operational region, which reported $2.43 billion in revenue and an 11% growth rate over the past year. This marks the sixth consecutive year of double-digit revenue growth, with a five-year organic revenue compound annual growth rate of 13%.
Commenting on the leadership appointment, Ron Lockton highlighted Ryan’s ability to lead and innovate. “I am excited that Tim has accepted this role, and I have no doubt that our US business will thrive and continue its impressive growth and success under his leadership and enterprise-wide vision. Tim has demonstrated his ability to lead, innovate, and collaborate throughout his career at Lockton, and he embodies our culture and values. He is the ideal person to lead the US business through its next chapter,” he said.
Ryan commented: “I am incredibly excited by the opportunity to lead Lockton’s US business, a company built on values that I have been proud to be associated with for nearly two decades. I look forward to working with Ron, the broader leadership team, and the talented associates across the US to continue to build on Lockton’s success as a firm through serving and creating value for clients.”
Earlier this year, Lockton announced the appointment of Oliver Ross as senior vice president (VP) of its global construction division in North America.
Based in London, Ross focuses on expanding Lockton’s North American construction casualty services.
He joined the brokerage giant with extensive experience, having previously served as underwriting director for casualty facultative at Arch Re Europe. His career includes senior casualty underwriting roles at General Reinsurance Corporation and Liberty Specialty Markets, and he began as a US casualty broker at Price Forbes.
