Global re/insurance brokerage Lockton has announced the appointment of Tom Orrico to the role of senior vice president, managing director of financial institutions.
Orrico brings 28 years’ experience to the role and joins from Marsh, where he built and led the financial institutions practice.
Effective October 14, he will be based in New York and report to Peter Clune, US president and chief operating officer.
“Tom is widely considered the industry leader in the financial institutions sector by his clients, insurers and the competition,” said Ron Lockton, president and chief executive officer, Lockton Companies.
“He is yet another example of the very best in the industry choosing Lockton because our private ownership and entrepreneurial culture make a difference to clients in today’s consolidating marketplace.”
Commenting on his appointment, Orrico said, “I am very excited to join this elite firm, with world-class talent that is truly client-centric.”
“I look forward to adding value, helping build deeper industry expertise to ensure Lockton clients thrive and creating new opportunities for an aggressively growth-oriented company.”
“Tom is a creator and an innovator,” Clune added. “He is the best-of-the-best in the industry and a great fit for Lockton.
“We are excited Tom has joined us and are eager to see what he can create in a culture of empowerment, where there is freedom to better serve clients and develop bespoke solutions to meet their unique needs.”