Lockton Announces Formation of Emerging Asset Protection Team

Sarah Downey leads team of experts specializing in blockchain and cryptocurrency

Lockton Companies, the world's largest independent insurance brokerage, is pleased to announce the formation of Lockton’s Emerging Asset Protection (LEAP) team. This unique global team is focused on delivering customized risk transfer solutions for companies in the digital asset space and providing continuous education and expertise to the market about the blockchain and cryptocurrency ecosystem.

The LEAP team features 35 brokers and attorneys located worldwide, including members based in the U.S., U.K., Asia, Bermuda and Australia. Additionally, the group includes a number of claims attorneys located in the U.S. committed to helping clients with their pressing needs as soon as a claim arises to ensure maximum recovery under the insurance program.

The team is led by Sarah Downey, who joined Lockton this past April to lead Executive Risk Claims and the LEAP team. She is recognized by her peers as one of the nation’s top D&O, digital asset and executive risk claims and coverage experts.

“In addition to being core for digital asset centric companies, digital assets are playing an increasingly prominent role in more ‘traditional’ businesses, and there is a growing need for insurance in this space,” said Downey. “The digital asset ecosystem has grown significantly in recent years, creating an even more dire need for insurance in this space.”

Lockton understands that there are many critical insurance considerations for those that operate in the constantly evolving blockchain and cryptocurrency industry. The LEAP team works with clients on the most crucial risk concerns, including crime insurance, specie insurance, director’s and officer’s liability insurance, errors and omissions insurance, and cyber insurance. The team tailors coverage and creates new solutions and new insurance capacity with support from Lockton associates across the organization, including capital markets, reinsurance, captives, and surety.

“The LEAP team is aligned with Lockton’s mission to deliver high-level consultative and risk management services to the marketplace,” said Carl Moore, Partner, Global Professional and Financial Risks.

“We are intently focused on working alongside organizations as they navigate the insurance space,” said Rob Russell, Regional Director of Lockton’s Global Professional and Financial Risks practice in Asia. “Our goal is to help them ultimately promote the growth and continued development of their business.”