Private Risk Solutions

— RISK MANAGEMENT

Private Risk Solutions

There in the moments that matter​

When your life gets busy and challenging, Private Risk Solutions’ service ensures your world is covered with an unparalleled level of personal insurance service that helps you manage the complexity of risk. We don’t just understand risk, assets, and exposures, your trusted advisor is dedicated to understanding you as an individual.   As the world’s largest privately held, independent insurance broker, we answer to no one but our clients. Unconstrained by the rigidness commonly associated with our industry, we challenge the norms of what a brokerage can be. We are creative thinkers who are empowered to do what’s best for our clients at all times. 

Personal Insurance Solutions

We will learn about your individual needs and tailor our solutions to fit your lifestyle. ​Insurable assets include but aren’t limited to: ​

  • High-value property and liability ​

  • Fine art, jewelry, and wine collections ​

  • Aviation and luxury auto ​

  • Farm, ranch, and equine ​

  • International property and travel risk

  • ​Personal cyber security and insurance ​

  • D&O for non-profit board exposures ​

  • Yacht and recreational crafts ​

  • Domestic staff exposures/ workers’ compensation and EPLI a

I have been through the claims process with several of the Family units over this past year and Lockton has gone over and beyond to ensure that the best possible outcome was achieved for the client when trying to settle the claims.

Empowered people deliver uncommon results

Lockton’s Uncommonly Independent approach allows us the freedom and flexibility to go above and beyond to meet your unique needs. We are committed to working hard for what you have— providing strategic concierge advice, risk management solutions, and advocacy when unexpected and unfortunate events occur. ​Our strong working partnerships with the carriers we do business with allow us to uncover the best opportunities the marketplace has to offer. We’re highly selective when it comes to your personal insurance solutions. As your advocate, all decisions are made based on what’s in it for you. ​

Meet our leadership team

Claudia
Mandato
EVP, Private Risk Solutions​
+1 816 960 9000
Email
Lynn
Rasmussen
SVP, Practice Leader, Private Risk Solutions
+1 816 960 9000
Email
Stephanie
Pence-Murray
SVP, Director of Operations and Growth Initiatives Private Risk Solutions
+1 816 960 9000
Email

Latest news & insights

The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target specific consumer groups and re-shape the image of products and brands. However, social media has also amplified the potential negative effects that statements or events can have on a company’s reputation, both in terms of frequency as well as severity.Addressing the reputational risk social media creates for consumer brands

Addressing the reputational risk social media creates for consumer brands

article
The exponential growth and reach of social media have given consumer brands new platforms to engage with existing clients as well as to expand their client base. It can, sometimes in conjunction with partnerships with influencers, enable brands to target speci ...
Read moreAddressing the reputational risk social media creates for consumer brands

Lockton Welcomes Alex Hood as Client Advocate

Lockton Companies, the world’s largest independent insurance brokerage firm, hired Alex Hood to be a Client Advocate of People Solutions for Lockton’s Founders Series region, based in Kansas City with offices in Iowa, Michigan, Minnesota and Nebraska. Lockton Companies, the world’s largest independent insurance brokerage firm, hired Alex Hood to be a Client Advocate of People Solutions for Lockton’s Founders Series region, based in Kansas City with offices in Iowa, Michigan, Minnesota and Nebraska.

How Much is Enough? Revisiting excess casualty limits

2019 marked the beginning of an increasingly turbulent marketplace for excess casualty. Amid market corrections, the pandemic, and economic upheaval, many organizations made the decision to purchase less limit, despite growing exposure in the form of more frequent and severe liability losses.2019 marked the beginning of an increasingly turbulent marketplace for excess casualty. Amid market corrections, the pandemic, and economic upheaval, many organizations made the decision to purchase less limit, despite growing exposure in the form of more frequent and severe liability losses.

Recent events create volatility for terrorism insurance

The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.The global terrorism and political violence market has experienced increased volatility in recent years. Civil unrest in Chile, Hong Kong and South Africa generated significant losses. This was further compounded by the Russian invasion of Ukraine. In response, the market hardened quickly: insurers pushed for higher rates to offset losses, imposed more restrictive terms and adjusted their risk selection approach. Sublimits that had been available for extensions like “contingent business interruption”, “unnamed suppliers”, “service interruption” and “miscellaneous unnamed locations” were commonly excluded, as renewal negotiations became more protracted.
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