Reinsurance News

Lockton announces senior leadership appointments

6th May 2021 - Author: Katie Baker

Global re/insurance broker Lockton has announced that Jordan Burbach, Daniel Denham and Andrew Szot, have joined Lockton’s Pacific region.

Jordan Burbach has been appointed as Senior Vice President, Producer, having served as a Senior Vice President of Marsh’s Global Private Equity and Mergers & Acquisitions Practice for more than seven years.

He developed his technical expertise in underwriting while working at Zurich Insurance, where he was the underwriting manager responsible for the Western US. He started his 14-year career in insurance at Marsh as an insurance placement broker.

Andrew Szot joins Lockton as Vice President, Client Services Consultant specializing in private equity insurance services.

Szot most recently served as Vice President in Marsh’s Private Equity and Mergers & Acquisitions Practice, where he focused on new target diligence and portfolio company advisory work for insurance and employee benefits.

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Also joining Lockton as Senior Vice President, Producer is Daniel Denham. He brings nearly 13 years in insurance working at some of the largest brokerages including HUB International and Marsh, where he specialized on pre-deal insurance diligence for Private Equity clients.

Burchach commented: “Private equity firms face constant challenges and time pressures. If you’re not adaptive and agile, you become stagnant with an old model that is inconsistent with where the markets have gone.

Lockton’s platform gives us the autonomy to change the process, adapt more quickly and evolve products and services to meet their expectations. Clients first will be our exclusive focus.”

Denham said: “PE firms rely on our expertise, thoroughness, transparency and consistency. Cultivating relationships takes time and I’ve been successful at building trust with clients. That’s why Lockton is a good fit.

“Rather than handing off parts of my clients’ business to other teams, Lockton’s structure and entrepreneurial culture gives us the ability to service PE firms and their portfolio companies with one consistent team, ensuring a standard of service and delivery that builds trust.”

Szot said: “Having a background in technical underwriting allows me to not only understand what clients need from the M&A perspective, but to better liaise with the insurance marketplace and deliver products and services tailored to each client’s needs. Together with Jordan and Daniel, we will leverage our experience to provide more foresight and proactive preparation, saving clients valuable time and energy.”

Nate Mundy, COO of Lockton’s Pacific region added: “Clients familiar with Lockton know first-hand of our level of expertise, innovative solutions and commitment to providing the highest level of customer service. This strong addition to our existing deep team is evidence of our industry stance as the leading insurance brokerage in the private equity space.”

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