Lockton Promotes Sarah Downey as Leader of Executive Risk
Lockton Welcomes Sarah Downey as U.S. Professional and Executive Risk Leader
Lockton, recognized as the world's largest privately held insurance broker, is excited to announce the advancement of Sarah Downey to the position of U.S. Professional and Executive Risk Leader. In this role, Downey will take over from Devin Beresheim, who has recently transitioned to Lockton's U.S. Risk Solutions Leader. This promotion highlights Lockton's commitment to nurturing top talent within the company.
Leadership Role and Responsibilities
As the U.S. Professional and Executive Risk Leader, Sarah Downey will oversee a dedicated team focused on broking, risk advisory, and claims support, positioning them at the forefront of major financial and professional insurance lines. This new position allows her to lead strategic growth efforts aimed at enhancing Lockton's Professional and Executive Risk services across the globe. Her extensive experience will undoubtedly contribute to expanding Lockton's reach and influence in the market.
Acknowledgement from Colleagues
In expressing his confidence in Downey's capabilities, Devin Beresheim remarked, "Sarah is one of the most forward-thinking and accomplished professionals in our industry. Since joining Lockton, she has consistently advanced our practices and led initiatives that are shaping the future of insurance. I'm thrilled to see her step into this new role and excited for the continued value she will bring to our clients." This statement underscores the high regard her colleagues have for her work ethic and vision.
Diverse Experience and Expertise
Bringing over two decades of experience as both an attorney and insurance broker, Sarah Downey possesses significant expertise in financial lines coverage. Prior to her ascent to the leadership role, she served as Lockton's Head of Operations for Professional and Executive Risk and held the title of Blockchain Advisory Leader. In these capacities, she not only expanded the practice but also elevated operational efficiency across various industry and product segments.
Innovative Contributions
A highlight of her career includes the launch of a pioneering team that focuses on digital assets and blockchain companies. Downey's leadership has led Lockton's Emerging Asset Protection team (LEAP) to successfully secure coverage for numerous blockchain platforms, marking a significant achievement in a rapidly evolving market. Recognized as a thought leader, she frequently shares insights on industry panels, actively engaging with lawmakers about the future of the digital asset landscape.
Navigating Complex Risk Landscapes
Before assuming her current role, Downey served as Lockton's U.S. Claims Leader, where she was instrumental in crafting and executing strategies for handling complex claims, particularly those involving Directors and Officers (D&O) liability and other critical financial lines. Her experiences have shaped her understanding of the intricacies clients face in the insurance sector.
Tim Ryan, Lockton's U.S. President, commented on the importance of having strong leadership, stating, "As our clients continue to navigate an increasingly complex risk landscape, we remain committed to putting leaders in place to guide our teams and deliver exceptional results for our clients. Sarah has a deep understanding of the needs of our Associates, clients, and carrier partners. I am confident that her leadership will bring tremendous value to Lockton and the organizations we serve." This statement emphasizes the company's focus on client satisfaction and innovative solutions.
Lockton's Service Offerings
Lockton Professional and Executive Risk caters to clients across diverse industries, providing unparalleled insurance broking, risk advisory, and claims support services. Key areas of expertise encompass directors and officers liability, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, fiduciary liability, and innovative insurance solutions tailored for digital assets. By encompassing a broad range of services, Lockton satisfies the varied needs of its clientele.
About Lockton
Lockton's independence distinguishes it in the industry, empowering more than 13,000 Associates who operate across over 155 countries to dedicate their efforts solely to clients' risk and insurance requirements. Global expertise combined with a strong focus on client satisfaction enables Lockton to achieve remarkable results tailored to individual client needs.
Frequently Asked Questions
1. What is Sarah Downey's new role at Lockton?
Sarah Downey has been promoted to U.S. Professional and Executive Risk Leader at Lockton.
2. What are the key responsibilities of this new position?
She will oversee broking, risk advisory, and claims support for financial and professional insurance lines.
3. How does Lockton support its clients?
Lockton delivers tailored insurance services and risk advisory to clients across various industries.
4. What expertise does Downey bring to her role?
She has over two decades of experience in insurance and law, with specialized knowledge in financial lines coverage.
5. How does Lockton differ from other insurance brokers?
Lockton's private ownership allows it to focus solely on client needs without outside pressures, enhancing service quality.
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