Lockton, the world's largest privately held insurance brokerage, is pleased to announce the appointment of Matthew Payne to the newly created position of U.S. Transportation Practice Leader. This appointment underscores the firm’s commitment to continuously deepening its transportation expertise in order to best serve clients’ industry-specific needs.
Payne, who has served in several leadership roles at Lockton since joining the firm in 1998, most recently was Senior Vice President, Transportation and Energy Team Leader for the firm’s region that includes Kansas City, Birmingham, Des Moines, Detroit, Grand Rapids, Minneapolis, and Omaha. In his new role, he will advance the firm’s service to clients in the transportation industry across the U.S. by driving strategy across the enterprise, enhancing client service, making targeted investments to support growth, and expanding Lockton’s presence within the industry.
“With Matt’s extensive experience in providing excellent service for Lockton’s transportation clients, he will be an outstanding leader for our U.S. Transportation Practice,” said Chris DiLullo, Lockton’s U.S. Industry Practices Leader. “Business owners and executives in the transportation industry are facing unique challenges – from an uptick in cargo thefts to a challenging liability market to a prolonged freight recession – and with this U.S. practice, our expert transportation team is better positioned than ever to help clients manage these risks.”
Payne is an experienced leader with an extensive background in the transportation industry. He started at Lockton on the risk management team, where he focused on program design, actuarial and risk financing for large businesses. In 2005, he joined Lockton’s Kansas City-based regional Transportation Practice, where he led a team of industry experts delivering regulatory, analytical, claims and loss control support to a wide variety of transportation clients. He holds an MBA from the University of Kansas as well as the designations of Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and Associate in Reinsurance (ARe).
“I’m looking forward to leading and working alongside our experienced transportation team to leverage the best of Lockton to benefit our clients across the country,” said Payne.
Payne will be based in Kansas City.