Insurance broker adds team to serve insurance and risk management needs of hospitals and healthcare providers

(Philadelphia, PA) – 30 August 2011 – Lockton is expanding its capabilities for healthcare organizations with the opening of an office in Philadelphia.  Lockton has added a team of experienced risk management and insurance professionals to consult with hospital, long-term care, and managed care executives on professional liability and the full spectrum of complex and unique property and casualty insurance solutions.

          Kevin Junod        John D. Upright   John R. Colosimo, Jr

Kevin Junod will lead the Lockton team in Philadelphia.  He is a 24-year veteran of the insurance brokerage industry, most recently heading the Healthcare Industry Practice for Aon Risk Solutions in Philadelphia as a Managing Director.  Junod has been named an Executive Vice President at Lockton. He is a former board member and past president of the Philadelphia Children’s Alliance. 

Others joining the Lockton team include:

John D. Upright, Senior Vice President in the healthcare practice. He has more than 20 years in the industry having previously held positions with Aon, PwC and worked as a manager of risk analysis at ARAMARK.  He is a Temple University graduate.

John R. Colosimo, Jr., Senior Vice President in the healthcare practice.  He also has more than 20 years in the insurance brokerage industry having previously held positions with Aon and Willis.  He also worked as the Assistant Director of Risk Management at Temple University.  Colosimo holds a bachelor’s degree and an MBA from Temple. 

 “We are pleased to attract this talented group of professionals to serve our clients,” said Michael Calabrese, Chairman of Lockton’s Northeast operations.  “Healthcare organizations face a remarkable set of risk management challenges. Our clients will benefit from the experience and in-depth knowledge that our new colleagues bring to the table.”

Junod and others have worked with hospitals, healthcare systems, physician groups, managed care organizations, long-term care companies, and other healthcare organizations throughout the U.S. These professionals join Lockton’s current healthcare team that serves a broad array of clients, providing risk management, patient safety, insurance program development, risk financing, employee benefits consulting, and other advisory services.

“This is an important addition for our clients as Lockton expands to a third city in the Northeast,” said Tim Ryan, Chief Operating Officer of Lockton’s Northeast operations.  Lockton Northeast now has offices in New York, Hartford, and Philadelphia, providing clients with advisory services in risk management and employee benefits.  Crain’s New York Business named Lockton one of its Best Places to Work in NYC in 2008 and 2010.

Lockton’s Philadelphia office will have temporary quarters at 500 Office Center Drive, Suite 400 in Fort Washington, PA 19034-3234.  The phone number is 610-397-0158.  The firm expects to move into its permanent location in the next few months. 

About Lockton

More than 4,100 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, USA, Lockton has grown to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies. Business Insurance has twice recognized Lockton as a "Best Place to Work in Insurance."