The corporate risks team provides access to worldwide markets benefiting our clients through our unique structure . We listen and understand our clients’ challenges and then choose the most competitive market both in terms of breadth and certainty of coverage at competitive pricing.

PRODUCTS AND SERVICES

Corporate Risks

Access to worldwide markets

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Benefiting our clients through our unique structure

The corporate risks team provides access to worldwide markets. We listen and understand our clients’ challenges, then choose the most competitive market both in terms of breadth and certainty of coverage at competitive pricing.

Our team of experienced partners and associates has no other corporate responsibilities and is therefore focused solely on our clients and their needs. Our clients have direct access to our most senior people who personally look after corporate challenges, placement obstacles, or claims management. This approach has enabled them to nurture long-term relationships with both their clients and insurer partners alike.

Lockton’s status as a Limited Liability Partnership is critical to the service provided. Our people have a substantial stake in our firm and therefore care passionately about their performance. The firm also invests more of its profits back into our business as we do not have to satisfy the demands of shareholders and analysts.

Throughout the Lockton Global network, account teams are able to deliver complex, large-scale programmes that respond intelligently to both corporate and regional needs. Lockton has people on the ground where it matters to act on our clients’ behalf with relevant local knowledge and relationships.

Our teams of wording experts are engaged to analyse our client’s risk exposures to ensure that their insurance programme is fit for purpose and that the wording is tailored and responds appropriately to their risk profile.

Our services

We will identify and engage with all appropriate markets targeting the key decision makers at each insurer to:

  • Create innovative program designs

  • Ensure your business, key messages and objectives are comprehensively conveyed to the underwriters in order to develop strong market relationships

  • Positively challenge both new and incumbent markets to provide competitive terms 

  • Drive the process with clear and concise program options 

  • Provide efficient & effective claims handling - because there is no insurance policy so expensive as one that does not pay claims

  • Wording reviews

We provide placement services across the major insurance classes of:

  • Property and business interruption

  • Primary and excess liability 

  • Motor and employers’ liability, in the UK and their global equivalents 

  • Machinery breakdown & contractors plant & equipment

  • Natural catastrophe perils (wind/flood/earthquake)

  • Political violence, sabotage & terrorism

  • Alternative risk transfer including captives and parametric triggers

Industries

Our experience covers a wide range of industries including:

  • Agriculture

  • Assisted living

  • Banking & financial institutions

  • Civil works & infrastructure

  • Food & drink 

  • Hospitals & care homes

  • Hotels

  • Industrial/Manufacturing/chemical

  • Media, high tech & semi-cons

  • Recycling

  • Retail

  • Commodity traders

  • Transportation & logistics

  • Utilities & telecommunications

Global Marketing & Placement

Our marketing approach centres around four basic principles:

1)         Developing first-class underwriting submissions: Lockton will present your risks in context and market them in the most positive way to insurers. By fully understanding your business and risk profile we are able to differentiate our clients from the many other submissions underwriters see.

2)         Involving you: We understand that no one knows your operations and your risk management philosophy better than you. We actively encourage key stakeholders from across your business to meet with insurers. Building insurers’ understanding of the risk management procedures that you currently have in place is key in negotiations. With a more detailed understanding of your activities, insurers gain a greater appreciation for your business and in many cases, this will be reflected in coverage and pricing.

3)         Negotiating directly with key decision makers at insurers: Our marketing discussions are held directly with insurance company senior management regardless of territory. These contacts promote meaningful communication across underwriting teams and a true commitment by all parties to effective long-term partnerships.

4)         Leveraging existing relationships: We do not encourage our clients to remarket every year or to solely chase the lowest premium. We actively encourage a partnership approach whereby long-standing relationships can be leveraged when issues or disputes arise.

Corporate Risks Contacts

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Tim Pritchard

Partner, P&C Retail
tim.pritchard@lockton.com

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James Pryke

Partner, Retail Property & Casualty
James.Pryke@lockton.com
+44 0 20 7933 2895

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Ian Canham

Partner
ian.canham@lockton.com
+44 783 304 9033

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Debbie Day, ACII

Partner, Head of Birmingham Office
debbie.day@lockton.com
+44 0 121 232 4555

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Matt Davies

Head of Lockton North, Manchester
matt.davies@lockton.com
+44 0161 828 3302

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Andrea Bondin

Account Manager
andrea.bondin@lockton.com

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Gordon Duncan

Head of Retail Scotland, Property & Casualty, LLP Partner
gordon.duncan@lockton.com
+44 75066 53547

News and Insights

Rachel Reeves’ Budget introduced several changes for employers, many of which are due to come into force in April 2025. By far the most significant of these, however, is the increase to employers’ National Insurance contributions (NIC), which for many employers is set to make the cost of employment more expensive.

Fortunately, tools are available for employers to offset the cost of the increases. Below, take an in-depth look at these tools, and explain how a long-term action plan can help to tackle broader people risk.How salary sacrifice can offset rising employers’ National Insurance costs

Private Clients Insurance: Market Update May 2025

As summer approaches, our experts look at the key trends affecting the High-Net-Worth Insurance market.

Below, find the latest updates on household, works, cyber, and fine art and valuables insurance:
As summer approaches, our experts look at the key trends affecting the High-Net-Worth Insurance market.

Below, find the latest updates on household, works, cyber, and fine art and valuables insurance:

Construction contractors: key tips to build a successful Surety programme

Over the last 24 months, several high-profile insolvencies within the UK construction sector have led to a hardening of the Surety market. Many sureties have been reducing their capacity, while others have withdrawn from the market entirely. Employers are also increasingly requesting bonds as an additional form of security, typically with more onerous terms.

For contractors and subcontractors, following best practice is key to building a successful Surety programme. Prioritising early engagement, transparency, and a partnership mentality can help to streamline negotiations and achieve the best terms.
Over the last 24 months, several high-profile insolvencies within the UK construction sector have led to a hardening of the Surety market. Many sureties have been reducing their capacity, while others have withdrawn from the market entirely. Employers are also increasingly requesting bonds as an additional form of security, typically with more onerous terms.

For contractors and subcontractors, following best practice is key to building a successful Surety programme. Prioritising early engagement, transparency, and a partnership mentality can help to streamline negotiations and achieve the best terms.

Lockton appoints Edel Ryan to lead Entertainment Practice

Lockton, the world’s largest independent insurance broker, today announces the appointment of Edel Ryan as Practice Leader for the Entertainment Practice. The role is based in London and effective from 2 May 2025. Lockton, the world’s largest independent insurance broker, today announces the appointment of Edel Ryan as Practice Leader for the Entertainment Practice. The role is based in London and effective from 2 May 2025.
See all news and insights

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