Global re/insurance broker WTW has announced the appointment of Danielle Lombardo as Chair, Real Estate, Hospitality, and Leisure (REHL) division, Corporate Risk and Broking (CRB) North America.
With more than fifteen years of experience in the insurance industry focused exclusively on real estate, Lombardo aims to drive WTW’s initiatives to automate workflow and provide the technology, analytics and support needed to provide white-glove service to the fast-paced real estate business.
“After years of volatility in the property insurance market coupled with a very challenging real estate market, property owners are begging for solutions to keep current deals afloat and manage long-term premium volatility,” Lombardo said.
Adding: “We are at an inflection point in the real estate and insurance markets where we need to turn the typical insurance process on its side and find solutions to keep transactions moving efficiently and protect net operating income.
In addition to driving client solutions, Lombardo will focus on driving initiatives to automate workflow and provide the technology, analytics and support needed to provide white-glove service to the fast-paced real estate business.
Through her career, the executive has been a Lockton partner and the chair of its global real estate practice, having joined the company as Senior Vice President in 2015.
Prior to that, she was Vice President for Marsh & McLennan Companies, Inc., following two years as Vice President with Willis Insurance Services Real Estate Practice.
WTW’s head of Corporate Risk & Broking in North America, Michael Chang commented, “Danielle brings a specialised expertise that perfectly aligns with the industry focused approach within CRB NA. Her leadership and technical experience will position her to bring new thinking, strategic ideas, and new products to REHL clients.”
The broker has also praised Lombardon’s persistence and special brand of problem solving, which have led to creative approaches.
She has brought together key stakeholders in the real estate transaction including lender, borrower, broker, underwriter, and lawmakers to address head-on the short and long-term challenges facing real estate.
REHL Division leader, Jimmy Martuscelli added, “Danielle brings the ability to leverage deep technical knowledge to deliver specialised thinking to clients, which aligns with the CRB NA strategy.
“I look forward to working with Danielle to further enhance our vision, identify innovative ideas and continue to drive the REHL industry division into the future.”
