Lockton, an independent insurance broker, has appointed Stéphane Lespérance as Chief Executive Officer (CEO) of its new Canadian retail business.
The appointment aligns with Lockton’s overarching strategy to build a Canadian-led organisation to deliver enhanced, high-level advisory support to Canadian enterprises. It reflects the broker’s longstanding work with Canadian clients and multinational businesses’ operations in Canada.
Lespérance is an industry veteran and widely recognised executive in the Canadian market. He spent the last 24 years in progressively senior roles at Aon Canada, where he served as President since 2019 and as President and CEO since 2025.
He has nearly three decades of experience in risk management, and a proven track record of elevating client service by developing and implementing complex risk management strategies across North America, Europe, and Asia.
Lespérance’s experience of building elite advisory teams makes him uniquely positioned to shape the next phase of Lockton’s Canadian offerings. He is also chair of the board of governors for The Insurance Institute of Canada.
Ron Lockton, Chairman and CEO, Lockton, commented on the appointment, “Canada is one of the world’s top 10 insurance markets, a sophisticated, globally connected economy where businesses are navigating increasingly complex, interconnected risks.
“Through our longstanding relationships in Canada, we’ve consistently heard the need for deeper specialization and a truly client-centric advisory model. Lockton’s independent structure allows us to meet that need in a meaningful way. Bringing on a leader of Stéphane’s caliber speaks to the strength and appeal of our privately held model. He brings the experience, credibility, and strategic vision required to deliver a premier advisory experience for clients across Canada.”
Lespérance added, “More than ever, Canadian businesses need a partner who understands the increasingly complex risk environment they face, from trade and supply chain uncertainty and cyber threats to workforce pressures, rising benefits costs, climate resilience and sector-specific challenges.
“Lockton’s independent model is highly relevant to the Canadian market today. It provides the freedom to build a truly client-centric platform, allowing us to focus on long-term client success. I’m excited to bring together a collaborative team of experts to deliver exceptional results for our Canadian clients.”
Lockton continues to build its Canadian leadership team, local market presence, and enhanced advisory capabilities. The broker will combine Canadian leadership and local market judgment with global expertise, aligning the Canadian retail business with Lockton’s global network.
Last week, the broker reported a 12% year-over-year increase in global revenue to approximately $4.5 billion for fiscal year 2026, with continued strong growth at Lockton Re, the firm’s global reinsurance business.
