US-based insurance brokerage Lockton has promoted Sarah Downey as the new US professional and executive risk leader.
Downey succeeds Devin Beresheim, who earlier transitioned to the role of US risk solutions leader at the firm.
In her new role, Downey will report directly to Beresheim.
Beresheim said: “Sarah is one of the most forward-thinking and accomplished professionals in our industry. Since joining Lockton, she has consistently advanced our practices and led initiatives that are shaping the future of insurance.
“I’m thrilled to see her step into this new role and excited for the continued value she will bring to our clients.”
In her new capacity, Downey will manage the team responsible for broking, risk advisory, and claims support across the spectrum of financial and professional insurance lines.
Furthermore, she will be tasked with driving growth initiatives to enhance Lockton’s professional and executive risk services on a global scale.
Downey’s experience spans more than two decades in the legal and insurance brokerage sectors, with a particular focus on financial lines coverage.
Her most recent roles at Lockton included head of operations for professional and executive risk and blockchain advisory leader.
In these roles, she led the expansion of the practice and operational improvements across various industry and product sectors, as well as the creation of a specialised team addressing the needs of digital assets and blockchain companies, known as the Lockton Emerging Asset Protection team.
Her tenure at Lockton also includes a period as the US claims leader, where she developed and implemented the firm’s national strategy for complex claims in directors and officers (D&O) and other financial and professional lines.
Lockton US president Tim Ryan stated: “Sarah has a deep understanding of the needs of our associates, clients, and carrier partners. I am confident that her leadership will bring tremendous value to Lockton and the organisations we serve.”
Lockton has reported a global revenue of $4bn for the fiscal year ending on 30 April 2025, indicating a 13% increase from the previous fiscal year.
“Lockton names new US professional and executive risk leader ” was originally created and published by Life Insurance International, a GlobalData owned brand.
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