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Lockton names Tate McCoy CEO of Mountain West operations

Promotion completes long-term growth and succession plan

DENVER, Colo. Sept. 5, 2018 – Lockton, the world’s largest privately held, independent insurance broker, has named Tate McCoy as CEO of its Mountain West operations. McCoy will lead a team of more than 400 Lockton Associates who serve more than 2,000 clients from offices in Denver, Phoenix, Las Vegas and Seattle.

McCoy’s appointment is part of the long-term growth and succession plan for the Mountain West operations. This follows recent promotions of Kevin Cummings as President of the Arizona office and Leo Tokar as President of Lockton’s Mountain West employee benefits operations.

McCoy succeeds Chuck McDaniel who has served as CEO for Lockton’s Mountain West business for more than 20 years, guiding the business from a staff of 50 and revenue of $10 million to a team of more than 400 people and revenue of $130 million. McDaniel will continue in his business development and client advisory role as an executive vice president. He is an expert in large national and international risk management and employee benefit programs.

Chuck McDaniel“Chuck McDaniel, COO Mark Bundy and our Mountain West Associates have done a tremendous job of delivering results for Lockton clients. They have positioned us as a leading insurance broker not just in Denver, but throughout the region,” said Ron Lockton, President and CEO of Lockton, Inc. “We are excited about our opportunities for continued expansion under Tate’s leadership. Tate has earned the respect of our clients, Associates and community leaders while helping drive tremendous business growth.” 

McCoy was previously an executive vice president with Lockton, a 22-year veteran of the team. He is responsible for new business development and advises clients on risk management, employee benefits and insurance issues. He is a leading expert in complex real estate risks like multifamily housing, self-storage and industrial. He also works in private equity, construction and manufacturing. McCoy is active in the Denver community, serving on the boards of Colorado Open Lands and Colorado Academy.

“Tate McCoy is well prepared to lead. I know he and the Mountain West leadership team will seize the moment and continue our strong growth momentum,” said McDaniel. “It has been an honor to serve in this leadership role and I look forward to watching Tate, Kevin and Leo lead our teams.” 

About Lockton
Lockton is a global professional services firm with 7,000 Associates who advise clients on protecting their people, property and reputations. Lockton has grown rapidly by helping clients achieve their objectives. For nine consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance.”

    
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