Reinsurance News

Lockton launches Crisis Management division

20th October 2021 - Author: Katie Baker

Insurance broker Lockton has launched its specialist Crisis Management division, working closely with clients globally to understand and manage their exposures.

Matt Humphries will be leading the dedicated Crisis Management unit within Lockton’s Wholesale Property & Casualty (P&C) division to initially encompass Product Recall, Terrorism/Political Violence and Special Contingency (K&R) product lines.

In his new role, Humphries will co-ordinate the unit of 12 brokers headquartered in London. Humphries was previously Lockton’s Senior Vice President of Product Recall & Brand Damage.

The new unit and Humphries’ appointment follows the recent appointment of Andrzej Danyluk as Head of International Property within the Wholesale P&C division, further demonstrating Lockton’s growth ambitions within the Wholesale arena.

Humphries said: “This launch comes at a vital time in which businesses are increasingly concerned about their ability to respond to damaging, unforeseen events. A dedicated unit will align us more closely with the organisation of our insurer partners and allow for even closer collaboration.

“Effective crisis management goes beyond your traditional insurance products. Innovative products like Crisis Response cover, Active Shooter and Reputational Risk are growing in importance and relevance.

“Clients require in depth support and expertise to ensure their Crisis Management insurance programme is current to their ever-changing exposure.”

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