CHICAGO, March 4, 2013 /PRNewswire/ -- Lockton Companies has appointed Mary Anne Budworth and Amanda Ruback as Vice Presidents and Account Executives to advise Lockton clients on complex risk management and commercial insurance programs. Both are joining Lockton's fast-growing Chicago operation and will be responsible for all aspects of client service, including the strategic delivery of risk management solutions in a changing property and casualty marketplace.
Budworth has more than 19 years of experience managing both property-casualty and life and health insurance programs. She joins Lockton from Willis, where she was an Assistant Vice President of Property & Casualty Insurance. Earlier in her career, she worked as a commercial Account Executive of Property & Casualty Insurance at firms in Illinois and North Carolina. Budworth has a range of experience working with large general contractors and homebuilders, large private schools, senior housing, medical, retail and manufacturing clients.
Ruback has more than 10 years of experience in the insurance industry, most recently as Treasury Senior Manager of Risk Management for PepsiCo, Inc., a Lockton client. Ruback has extensive experience working on risk management due diligence for acquisitions as well as the analysis, planning, and structuring of complex risk management programs. She is returning to Lockton, where she worked previously from 2003 to 2008.
According to Lockton Chief Operating Officer Casey Warnecke, "Our clients depend on us to thoroughly assess and understand their current and future risk management needs, and who better to advise them than individuals with the backgrounds of Amanda and Mary Anne."
While Ruback has first-hand perspective as a former Lockton client, Budworth has the broad knowledge that comes from spending two decades guiding the insurance programs of large commercial clients. Both new associates have proven expertise helping companies analyze risk and structure complex insurance programs to manage that risk, while reducing costs.
"Our two outstanding new account executives will support Lockton's continued growth in Chicago," said Tom Schaffler, President of the Chicago office. "Our revenues have grown more than 25 percent in the past year, a vote of confidence from our clients both in risk management and employee benefits."
Lockton Chicago now has 125 associates and has added more than 80 new clients in the past 10 months. Lockton's Chicago office is located at 525 W. Monroe, Suite 600 in Chicago, IL 60661.
More than 4,450 professionals at Lockton provide 15,000 clients around the world with risk management, insurance, and employee benefits consulting 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 insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its Service Excellence Award for risk management for large companies. For four consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.