Insurance and reinsurance brokerage, Lockton, has announced the launch of its National Surety Practice, which is to be led by surety market veteran, Patrick Pribyl.
Lockton’s new National Surety Practice will have a focus on surety support for clients backed by all Lockton business lines; alignment of resources and technical expertise; best-in-class underwriting and marketing strategies; and innovation in technology and analytics.
Pribyl brings 31 years of surety market experience to the role, and during his time with Lockton has had an exclusive focus on developing one of the largest surety brokers in the world. Lockton states that he has earned the respect of its clients, Associates and market partners and is well placed to drive the broker’s continued expansion in this area.
In his new role, he will have a focus on bringing Lockton’s best-in-class surety tools, talent and resources to solve the most challenging client issues.
Said Taiym, US Chief Operating Officer (COO), commented: “Lockton’s success has always been advanced by a strategy that puts the client at the center of everything we do. Our surety clients thrive on innovation, risk mitigation and finding new ways to reduce total cost. Under Patrick’s leadership, the entire practice will bring deeper collaboration to enhance the client experience and deliver superior results.”
Pribyl added: “Jack Lockton founded this company as a construction and surety brokerage and I learned the business from him. Jack would tell prospects to ‘Look to Lockton’ because we assembled the surety horsepower to solve their most complex challenges. It’s in that spirit that our National Surety Practice has aligned to bring the full power of that commitment and the financial acumen to all Lockton clients.”