Lockton, the world’s largest privately held insurance brokerage, is pleased to announce that Bill Stedman has joined its Northeast region as the President of People Solutions in Philadelphia. In this role, Stedman will lead a team of employee benefits specialists who serve clients nationally and globally in the Center City and Blue Bell offices. In addition, Stedman will also leverage his background and experience to generate client partnerships and further Lockton’s growth in the greater Philadelphia market. He is based in Blue Bell and reports to Robert Connolly, Chief Executive Officer of Lockton’s Northeast region.
Connolly shared his excitement about Bill joining Lockton’s Northeast leadership team. “He’s built a reputation and skill set that aligns with Lockton’s culture and vision for both our clients and associates in the Greater Philadelphia market,” said Connolly.
“Adding Bill to our team is evidence of our commitment to growth in Philadelphia and our industry-leading private equity practice,” said Tim Ryan, Chief Operating Officer of Lockton’s Northeast region. “With Bill’s leadership and emphasis on meeting clients’ needs, he will be a successful leader and partner for the long-term, and a great fit for Lockton.”
Stedman has worked in employee benefits for over 20 years, beginning his career with the Elite Group, a small regional benefits broker in PA. Stedman continually achieved success by building close and meaningful relationships in a variety of industries across the country. Before joining Lockton, he spent 15 years with Trion/MMA, most recently serving as their National Private Equity Practice Leader. Prior to joining the industry, Stedman spent more than 13 years in the apparel industry working for private and public companies, including AND 1 and Nike.
“I’m excited to bring my private equity expertise to support and further the national practice,” said Stedman. “Lockton has an incredible reputation for having tremendous resources in the employee benefits space. I look forward to being a part of Lockton’s growth across all disciplines in the Philadelphia market. Their perpetually private ownership and dedication to putting clients first in every situation is what drew me here.”