Lockton Unveils Global Practice for Professional and Executive Risk
Lockton has consolidated its US-based Lockton Financial Services (LFS) and International ProFin teams to establish a singular, global entity: Lockton Professional and Executive Risk. This strategic integration unites over 750 associates under one cohesive platform.
In an era where businesses transcend borders and face increased regulatory scrutiny, cyber threats, and evolving financial risks, this merger aims to deliver 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,” stated Devin Beresheim, executive vice president and US head of professional and executive risk at Lockton. “Lockton Professional and Executive Risk offers tailored solutions to help corporate boards and C-suite executives proactively mitigate their most pressing risks on a global scale, allowing them to concentrate on business growth.”
This restructuring aligns with a broader industry trend where insurance firms are amalgamating expertise to provide more comprehensive client solutions. By integrating its teams, Lockton seeks to enhance knowledge sharing, improve risk insights, and address emerging threats more efficiently.
“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,” remarked Leo Flindall, UK head of professional and executive risk at Lockton. “The launch of this unified team is another milestone for Lockton, underscoring our commitment to constantly elevating the standard of client service.”
Lockton Professional and Executive Risk will provide insurance broking, risk advisory, and claims support across a variety of sectors. Its core competencies encompass 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.
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