Lockton Financial Services (LFS), a division of the global re/insurance brokerage focused on the financial services industry, has announced the additions of Elissa Doroff and Akhil Chopra to help lead its Pacific Series cyber practice.
As Managing Director—Cyber Product Leader, Doroff will be focused on driving product innovation and thought leadership for cyber, tech E&O, and media liability.
She will serve as the lead technical consultant and advise clients and colleagues on best practices in risk mitigation, vendor management and claims navigation
Elissa Doroff joins Lockton after holding executive positions at a number of national and global insurance brokerages and carriers over the past 15 years, most recently as Managing Director and Cyber Technical Leader for NFP’s management and professional lines.
Prior to that, she headed AXA XL’s risk management services as Underwriting and Product Manager to minimize the frequency and severity of data breaches for clients, and was a broker at Marsh and McLennan’s network security and privacy practice.
Chopra, meanwhile, joins LFS as Managing Director—Cyber Growth Leader, taking responsibility for cyber product growth, innovative technology solutions and group purchasing strategies for the private equity industry, as well as broader initiatives to bring operational efficiency to purchasing cyber insurance.
With more than 20 years in the cyber industry, Chopra also joins LFS from NFP, where he served as Managing Director, Head of Cyber Brokerage and helped to develop the company’s overall strategy and brokerage operations.
Prior to this, he held the position of Corporate Cyber Practice Leader at Marsh, before which he managed a book of technology business at Aon and was a professional liability advisor at Integro Insurance Brokers.
With these new additions, Lockton has promoted Brian Pfund to Senior Vice President—Cyber Placement Leader to oversee its cyber operations and talent development. Pfund will partner closely with Doroff and Chopra to drive a cohesive cyber strategy across Lockton’s Pacific region.
“While our cyber practice has enjoyed an excellent reputation and strong presence on the West Coast for a number of years, the addition of Elissa and Akhil will continue to raise the bar in terms of expertise, resources and service excellence,” says Reid Eanes, Managing Director, Co-Practice Leader of LFS. “Their technical acumen, industry expertise and thought leadership, which spans more than 35 years collectively, will bring immeasurable value to our clients as they lead our cyber team.”
“The cyber insurance market is constantly changing and evolving in response to the latest threats, making the procurement of insurance more challenging,” added Doroff. “We understand the market and will bring thoughtful, creative solutions and comprehensive cyber products that will help clients navigate these challenging times.”
Chopra also commented: “Companies rely on our close collaboration, deep technical understanding and insight on managing and mitigating their cyber exposure. That’s why Lockton is a good fit. Lockton’s deep bench of talented professionals, commitment to cyber and our entrepreneurial platform gives us the autonomy to grow and create new offerings that will bring the best value to clients.”
Harpreet Ubhi, Managing Director, Co-Practice Leader of LFS, also commented: “Cyber is an evolving landscape that requires bespoke risk management strategies and third party vendor engagements to provide clients the data security infrastructure they need. This new leadership team represents our organizational commitment to and investment in the best-in-class cyber expertise, technology and capabilities. We look forward to them leading the charge in scaling our cyber operations and positioning us as the world’s preeminent cyber risk advisors.”