Lockton snags M&A trio from rival Aon to support 'aggressive' growth plan

Independent insurance broker Lockton has hired three transaction liability advisors - Joshua Halpern, Gaurav Sud and Eric Ziff - from Aon to lead its mergers and acquisition (M&A) consulting offering.

The hires will "significantly bolster" Lockton's capabilities in representations and warranties insurance, tax liability insurance, and other contingent liability insurance solutions.

All three executives were most recently senior managing directors and members of the leadership group within the North American transaction liability team at re/insurance broker Aon. They specialise in private equity and corporate acquisitions across all industry sectors.

"Joshua, Gaurav and Eric are some of the most qualified transaction liability advisors in our industry, with unrivaled reputations and depth of experience," said Peter Clune, CEO. "We're thrilled they have chosen Lockton and are excited for the value they will create for Lockton's clients."

Ron Lockton, chairman of Lockton, added: "Lockton is building world-class expertise to support our aggressive growth plan and continues to attract top tier talent to meet our client's needs. We are committed to the transaction liability space and providing our private equity and corporate clients with the depth and expertise to service transactions of any size and scope."

Halpern said: "We’re extremely excited to add our expertise to Lockton’s vibrant producer base and unparalleled P&C advisory platform, which will enhance the firm’s holistic, best in class services for its clients."

Sud commented: "We look forward to continuing to strengthen and deliver this value to Lockton clients, particularly as the role of insurance capital grows in the current deal environment."

Ziff added: "Lockton impressed us with a similar view on the industry, and their palpable excitement about creating solutions that can help clients in both the short and long term."