Biography

David Lockton is Chairman of Lockton Companies. As Chairman, David sets the strategic vision, providing transformational leadership and fostering the entrepreneurial culture that has positioned Lockton as the largest privately owned, independent insurance brokerage firm in the world. In the past decade under his leadership, Lockton’s revenue has increased from $400 million to $1.4 billion. For nine consecutive years, Lockton has earned the designation of a “Best Place to Work in Insurance” from Business Insurance magazine. Lockton has ranked first in client satisfaction in J.D. Power’s Large Commercial Survey in 2016 and 2017.

In addition to serving as Chairman, David spends a substantial part of his time overseeing the service of his clients as well as new business development. In 2017, EY’s Entrepreneur of the Year program recognized David with a Lifetime Achievement Award, honoring his vision, leadership, and service.

David left First National Bank in 1976 to join his brother, Jack, as the ninth staff member at Lockton. Until 1980, Lockton exclusively catered to the construction industry. While keeping a hand in construction risk management and surety, David oversaw the diversification of the company’s capabilities into numerous other industries.

In 1984, David helped start Lockton’s St. Louis office. In 1988, he became President and assumed the role of Chief Executive Officer and President of Lockton Companies in 1998. He has been Chairman since 2002.

In 2006, Dave led the company’s effort to expand internationally by acquiring a global broker based in London with 28 offices in 17 countries. Lockton’s operations outside the US have grown organically to more than $300 million in revenue and more than 2,000 Associates.  

David is active in the Kansas City community. He currently serves as a mentor in the Helzberg Entrepreneurial Mentoring Program. David has also served in various leadership positions with United Way of Greater Kansas City, Kansas and Western Missouri Salvation Army, Truman Medical Center, Hope Leadership Academy, Civic Council of Greater Kansas City, Heart of America Chapter of Cystic Fibrosis, and Boys Scouts of America, Heart of America Council.

David graduated from Kansas State University with a bachelor’s degree in business finance. His son, daughter, and his three nephews are active members of the Lockton team. He is married with two stepsons and a stepdaughter.

David Lockton: The Watchmaker

Lockton Companies Chairman, David Lockton, is celebrating his 40th anniversary with the company. As part of our company’s 50th anniversary celebration, we share the story of how David convinced his brother (and our founder), Jack, to hire him and how his business approach has helped our company succeed. We call this story "The Watchmaker," and you will understand why as the story unfolds.

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Discover more Insights & Publications
Read more in the Lockton Newsroom
See our Client Stories