Reinsurance News

Lockton US hires new Executive Risk Claims leader

1st April 2021 - Author: Katie Baker

Global re/insurance broker Lockton has appointed Sarah Downey to lead Executive Risk Claims.

LOCKTON LOGODowney most recently served as Managing Director, U.S. D&O Product Leader and Digital Asset Risk Transfer Leader for Marsh’s FINPRO Practice.

She also served as a senior claims advocate for complex claims at Marsh.

Downey joined Marsh in 2014 and spent just under 10 years as an associate in the D&O Insurance practice groups of prominent coverage firms, including White & Williams LLP and Edwards, Angell, Palmer & Dodge LLP.

She is a frequent speaker at D&O and blockchain events, commenting on coverage and legal trends as they relate to the emerging risks companies face.

As the blockchain risk advisory leader Downey will oversee the team who advise clients and place coverage for blockchain companies, including cryptocurrency exchanges, banks working with digital assets, blockchain services advisors, and other emerging companies in this dynamic, fast-growing space.

Devin Beresheim, Specialties Leader at Lockton said: “For the past seven years, Sarah has gained enormous credibility and the unequivocal trust of her clients and insurers in resolving some of the most complex D&O and executive risk claims.

“In addition, Sarah’s drive for the continued adoption and development of blockchain technology and digital assets along with her sincere passion for helping those in the ‘crypto’ space obtain the necessary insurance protections to help them continue to grow, make her an invaluable addition to the Lockton family and to our clients.”

Said Taiym, Lockton’s U.S. Chief Operating Officer commented: “There is powerful momentum at Lockton. We continue to attract top tier industry talent. Sarah joining a leading Executive Risk practice is just one of many examples where we continue to build unparalleled expertise on behalf of our clients.”

Downey added: “I am thrilled to join Lockton and to contribute to the company’s growth trajectory. Being part of a team with a global footprint whose clear priority, as an uncommonly independent company, is to serve clients will be a refreshing and exhilarating next chapter.”

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