Lockton, the world’s largest privately held independent insurance brokerage, today announced the strategic appointment of Fiona Terry as Managing Director and National Practice Leader of Lockton’s Canadian Global Solutions team. Fiona will play a pivotal role in accelerating the growth of Lockton's specialized risk management offerings for Canadian businesses operating globally.
The addition of Fiona follows the recent appointment of Stéphane Lespérance as Chief Executive Officer of Lockton’s Canadian business, signaling the brokerage's commitment to building a premier, Canadian-first advisory team focused on client-centric solutions.
“The addition of Fiona to our team is a significant milestone as we build out our specialized advisory capabilities in Canada,” said Stéphane Lespérance, Chief Executive Officer of Lockton’s Canadian retail business. “Fiona has a deep and well-recognized expertise in the large global and international account space. She brings our clients in-depth, highly relevant knowledge backed by a solid market reputation, both from a client recognition perspective and from an insurer standpoint.”
Throughout her career, Fiona has worked extensively on complex international placements. Her technical precision and deep understanding of cross-border regulatory frameworks make her uniquely qualified to help clients navigate increasingly volatile global markets.
“We are building a world-class Global Solutions team. The addition of Fiona in Canada helps Canadian multinational corporations face highly complex, multi-jurisdictional risks that require more than just off-the-shelf coverage,” added Michael Lombardi, President of Lockton Global Solutions. “Fiona’s attention to detail and outstanding technical abilities have consistently helped her resolve the most intricate client issues. Her hands-on advisory approach perfectly aligns with Lockton’s independent, client-first philosophy.”
About Fiona Terry
Fiona Terry joins Lockton as Managing Director and National Practice Leader of Lockton’s Canadian Global Solutions team, bringing decades of specialized experience in managing complex global risk portfolios. Recognized as a 2022 Power Broker, she has a proven track record of leadership at leading global brokerages, where she excelled in designing innovative insurance programs for multinational corporations. Her deep industry relationships and strategic foresight make her a critical asset to Lockton’s expanding Canadian operations.
About Stéphane Lespérance
With nearly 30 years of experience in risk management, Stéphane Lespérance has effectively developed and implemented insurance program strategies for large multinational organizations specifically in North America, Europe and Asia. He spent 24 years in progressively senior roles at Aon Canada, where he served as President since 2019 and then as President and CEO since 2025. He is also chair of the board of governors for The Insurance Institute of Canada.