WTW lures Lockton talent to head real estate-hospitality-leisure
Global insurance broker WTW has snagged the global real estate leader from rival Lockton to step in as chair of its own real estate, hospitality, and leisure (REHL) division, corporate risk and broking (CRB) North America.
Danielle Lombardo arrives with a mandate not only to drive the segment broking, but additionally TO automate workflow and provide the “technology, analytics and support needed to provide white-glove service to the fast-paced real estate business,” WTW said in its announcement.
Lombardo brings over 15 years of experience in the insurance industry focused on real estate with a history of presence in the media and award titles including “Top Women to Watch in NY Real Estate,” “Lockton Producer of the Year” and “Risk & Insurance Power Broker”.
Michael Chang, WTW’s head of corporate risk & broking in North America, commented: “Danielle brings a specialized expertise that perfectly aligns with the industry focused approach within CRB NA. Her leadership and technical experience will position her to bring new thinking, strategic ideas, and new products to REHL clients.”
Jimmy Martuscelli, REHL division leader, said: “Danielle brings the ability to leverage deep technical knowledge to deliver specialized thinking to clients, which aligns with the CRB NA strategy. I look forward to working with Danielle to further enhance our vision, identify innovative ideas and continue to drive the REHL industry division into the future.”
Lombardo said: “After years of volatility in the property insurance market coupled with a very challenging real estate market, property owners are begging for solutions to keep current deals afloat and manage long-term premium volatility. We are at an inflection point in the real estate and insurance markets where we need to turn the typical insurance process on its side and find solutions to keep transactions moving efficiently and protect net operating income.”
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