Ex Lockton CEO grabs new insurance coverage position

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Former President, CEO and Chairman of Lockton Companies, David Lockton has secured a new role in the insurance industry.

Insurance holding company Obsidian Insurance Holdings Inc. has announced the appointment of Lockton to its parent company’s board of directors.

“Dave Lockton is a tremendous addition to our board,” said Obsidian Chief Executive Officer William Jewett. “What he has accomplished in building The Lockton Companies into a global powerhouse is truly remarkable and we expect to benefit significantly from his knowledge, insight and experience as we continue to make Obsidian the preeminent hybrid program provider Remove. ”

Lockton held the trio of roles at Lockton for nearly four decades. He now remains the Lead Director of Lockton, Inc., setting the company’s strategic vision and providing leadership.

“Dave is an industry visionary who understands the importance of exceptional customer service and we are pleased to welcome him to our board,” said Ryan Clark, President and CEO of Genstar Capital, which helped found Obsidian in 2020. His insightful Industry knowledge and his extensive leadership experience building Lockton will be of great value as we work with Bill to strategically and profitably build Obsidian’s platform.”

Meanwhile, Lockton himself noted that Obsidian offered a “great solution for an underserved segment of the market.”

“I look forward to actively working with the Obsidian team to grow and scale this dynamic and valuable addition to the market,” he concluded.