Obsidian Insurance Holdings, Inc. has announced the appointment of insurance industry leader David Lockton to its parent company’s Board of Directors.
For nearly four decades, Lockton has served as President, CEO, and then Chairman of Lockton Companies, and is currently Lead Director of Lockton, Inc.
“Dave Lockton is a tremendous addition to our Board,” said William Jewett, Chief Executive Officer of Obsidian.
“What he has been able to accomplish in building The Lockton Companies into a global powerhouse is truly remarkable, and we expect to significantly benefit from his knowledge, insight, and experience as we continue to build Obsidian into the pre-eminent hybrid program carrier.”
Ryan Clark, President and Managing Director of Genstar Capital, which helped form Obsidian in 2020, also commented: “Dave is an industry visionary who understands the importance of exceptional client service, and we are delighted to welcome him to our Board.”
“Given his deep industry knowledge and extensive leadership experience in building Lockton, his insights will be of great value as we work with Bill to strategically and profitably build Obsidian’s platform.”
Lockton added: “Obsidian and the Genstar team have created a great solution to an underserved part of the market. I look forward to actively engaging with the Obsidian team to grow and scale this dynamic and valuable addition to the marketplace.”
“I am looking forward to working with Craig and Bill who are admired and have a strong following in our industry.”