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Tom Orrico to lead Lockton Financial Institutions

KANSAS CITY, Mo., Oct. 4, 2019 – Lockton is pleased to announce the addition of Tom Orrico, senior vice president, managing director of financial institutions.  In this newly created position, Orrico will be based in New York and will report to Peter Clune, US president and chief operating officer. He will join Lockton Oct. 14.

“Tom is widely considered the industry leader in the financial institutions sector by his clients, insurers and the competition,” said Ron Lockton, president and chief executive officer, Lockton Companies. “He is yet another example of the very best in the industry choosing Lockton because our private ownership and entrepreneurial culture make a difference to clients in today’s consolidating marketplace.”

Orrico, a 28-year insurance industry veteran, joins Lockton from Marsh where he built and led the Financial Institutions Practice. He specialized in directors and officers (D&O) liability, professional liability, employment practices liability, cyber liability / network security, and crime for a diverse portfolio of institutions, including banks, investment banks, insurance companies, asset managers, investment funds, security broker-dealers and FinTech entities.

“I am very excited to join this elite firm, with world-class talent that is truly client-centric,” said Orrico. “I look forward to adding value, helping build deeper industry expertise to ensure Lockton clients thrive and creating new opportunities for an aggressively growth-oriented company.”

Orrico will build on Lockton’s existing expertise and lead Lockton Financial Institutions to develop a vertical strategy for asset managers, insurance companies, investment banks, mutual funds, private equity, security broker-dealers and other financial institutions. A recent recipient of the 2019 Business Insurance FINTECH Innovator Award, Orrico has a proven track record of developing new products and services to help meet his client’s unmet needs.

“Tom is a creator and an innovator,” said Clune. “He is the best-of-the-best in the industry and a great fit for Lockton. We are excited Tom has joined us and are eager to see what he can create in a culture of empowerment, where there is freedom to better serve clients and develop bespoke solutions to meet their unique needs.”

About Lockton

Lockton is a global professional services firm with 7,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world’s largest privately held, independent insurance broker by helping clients achieve their objectives. For 11 consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance.”

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