NEW YORK and WASHINGTON, June 16, 2016 /PRNewswire/ -- Lockton will add its Washington, DC operations to a newly combined Lockton Northeast team to sustain double-digit growth and expand client services in risk management, employee benefits, and retirement services. Lockton is the world's largest privately held, independent insurance broker.
Michael Calabrese will remain as Chairman and CEO of the expanded Lockton operations in the Northeast. Bob Connolly will continue as President of Lockton's Washington, DC business and join the executive committee of Lockton Northeast.
Lockton has more than 300 Associates in its offices in New York, Washington, DC, Northern Virginia, Hartford, Boston, and Philadelphia. Revenue for the offices grew by 10.8 percent in the recently completed fiscal 2016.
"We have generated dramatic growth because of our focus on delivering customized solutions for clients," said Calabrese. "Adding the Washington, DC team allows us to offer even more options to clients and grow faster."
Added Connolly, "This allows us to offer our clients access to an even broader and deeper set of expertise and resources. It enhances our risk management, employee benefits, and retirement plan consulting solutions."
More than 6000 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10th largest overall. For seven consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.
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