Joe Caruso will lead growth in the Northeast

Lockton, the world’s largest privately held insurance brokerage, is pleased to announce the appointment of Joe Caruso as its Financial Institutions Practice Leader in the Northeast. He will provide new and innovative solutions, strategic counsel and holistic risk solutions for companies in the Financial Industries ecosystem. Caruso is based in New York City.

“Lockton has a reputation for independence, creativity and service,” Caruso said. “And our success has been based on providing best-in-class solutions for clients that operate in wide-ranging industries,” Caruso said. “I am thrilled to lead this practice, which will widen and deepen our clients’ teams as we help them address today’s challenges and deliver recommendations on getting ahead of emerging risks.” Caruso brings more than 30 years to his new role. He joins Lockton from Allianz Global Corporate & Specialty where he served as Regional Head Financial Lines / Financial Institutions. He also worked at AIG and Marsh earlier in his career.

The Northeast Financial Institutions Practice will leverage Lockton’s combined resources and technical expertise to:

• Help clients evaluate key exposures in depth, from a holistic point of view.

• Deliver strategies to improve risk posture and build resilience.

• Design custom insurance solutions across lines of coverage that fit each organization’s risk tolerance and goals.