Jun 24, 2015, 11:24 ET
KANSAS CITY, Mo., June 24, 2015 /PRNewswire/ -- Ron Lockton has been named Vice Chairman of Lockton, Inc., the world's largest privately held, independent insurance broker. He will take on broader global leadership responsibilities as part of the company's long-term succession plan. Ron Lockton, 48, is the son of Jack Lockton, the late founder of the company, and nephew of David Lockton, Lockton, Inc. Chairman.
"Ron has proven himself as a business leader, client advisor, and community leader," said David Lockton. "We will work closely during the next few years as he assumes more responsibility for leadership in our growing global business."
As Vice Chairman, Ron Lockton will help drive the strategic direction of the business while continuing to advise clients on risk management, employee benefits, and insurance issues.
"I started working in the mailroom as a teenager, so I have grown up with this company," said Ron Lockton. "It is an honor to step into this role, and I welcome the opportunity to help guide our future growth."
He led the dramatic growth of Lockton's Kansas City property-casualty operation from 2006 until last year. During that time, Lockton's Kansas City operations grew from a staff of 350 and revenue of $85 million to a staff of 570 and revenues of $135 million. Ron Lockton works with a wide array of clients in foodservice, construction, professional services, manufacturing, and other industry sectors. He joined Lockton Companies in 1990 after working with Aetna as a casualty underwriter. He is a graduate of the University of Kansas, and he and his wife Kelly have three children.
More than 5,300 professionals at Lockton provide 41,000 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, Mo., 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 six 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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