There are some big cyber threats on the horizon in 2022, just look at the Argentina ID card hack. Then there are global supply chain issues, tensions rising in the longstanding China-Taiwan situation, plus the ever present threat of extremist Islamist terror attacks. No surprise then that Lockton, the world’s largest privately-owned independent insurance broker, is launching a 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 as Head of Crisis Management, Matt 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.
Commenting on the launch, Matt Humphries, Head of Crisis Management at Lockton Companies LLP, 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.”