Lockton brings on new leadership advisor

Lockton brings on new leadership advisor | Insurance Business Asia

Insurance News

Lockton brings on new leadership advisor

Industry veteran “has been at the forefront” of the sector for more than 40 years

Insurance News

By
Steven Byerley

Lockton, the world’s largest independent insurance broker, has announced the appointment of Mark Drummond-Brady as an advisor to the senior international leadership team, effective July 1.

Drummond-Brady has more than 40 years of experience in the insurance industry. He began his career as a broker at Hogg Robinson in 1981 after serving in the British Army. In 1987, he joined Lloyd Thompson Plc, which later merged with Jardine Lloyd Thompson Group (JLT Group).

Drummond-Brady became executive director of JLT Group in 2010. Following Marsh McLennan’s acquisition of JLT Group in 2019, he assumed the role of vice chairman at Marsh, playing a pivotal role in successfully integrating the two companies before stepping down in 2022.

Drummond-Brady served as chairman of the Lloyd’s and City of London branch of the Royal British Legion from 2007 to 2022. He also served two terms on the board of the Council of Insurance Agents and Brokers.

“Mark is a leader in the insurance industry, having been at the forefront of it for nearly four decades,” said Chris Brown, president of Lockton International. “His exceptional level of market knowledge, industry acumen and counsel will be invaluable as we continue to grow. Welcoming someone of Mark’s calibre to our senior leadership team is a statement of intent and will further support our development as a business and our client focus.”

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“Mark shares so many of the values of Lockton, bringing with him the knowledge and experience that our associates, clients and trading partners will recognise as invaluable to us,” said EJ Hentenaar, European CEO at Lockton. “Lockton continues to attract great talent from within our industry as well as outside of our market. Mark’s arrival will allow us to continue to grow, whilst never losing sight of the approach, values and culture that make us different.”

“I am delighted to be joining Lockton at such an exciting time for the business, having watched it progress from afar for several years,” Drummond-Brady said. “Lockton has even more ambitious growth plans, which are credibly grounded in its impressive performance in recent years. Lockton remains proudly independent and has retained its values, which sets it apart from many peers in the market and provides a solid foundation as the business continues to scale. I look forward to working closely with the executive team to maintain this momentum.”

Drummond-Brady is the latest addition to Lockton’s roster. The company recently announced the appointment of Jeff Henningsen as CEO for its Texas P&C business and Tyler Bolander as senior vice president of regional operations.

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