Lockton, the world’s largest privately held insurance broker, posted record revenue in its recently completed fiscal year, exceeding $1 billion in revenue for the first time.
Lockton posted fiscal 2013 revenue of $1,016,751,000, an increase of 11 percent from fiscal 2012 revenue. The privately held insurance broker’s fiscal year ends April 30.
This is the 47th consecutive year that Lockton increased its revenues.
Lockton provides risk management and employee benefits consulting to more than 35,000 clients around the world. Lockton has 4,950 Associates in 64 offices in North America, Europe, South America, Asia, and Australia.
In other industry news:
Beata Rogala joined The Guardian Life Insurance Company of America (Guardian) as second vice president, Enrollment & eBusiness in Worksite Markets.
In this newly created role, Rogala will lead the development and execution of Guardian’s enrollment strategy. This includes leveraging the firm’s technology, platforms and capabilities to deliver a seamless customer experience across all customer touch points – printed materials, online, telephone and in-person. Her responsibilities also include leading the further development of Guardian Anytime, an online portal that allows brokers, employers and members to access information on Guardian’s comprehensive suite of dental, vision and individual disability and life insurance products.
Rogala joins Guardian from MetLife, where she served as vice president of Group Voluntary Benefits Marketing responsible for the development and execution of voluntary enrollment marketing strategies, functional capabilities, and enrollment campaigns for all products and customer segments. She previously spent 16 years at JPMorgan Chase, where she held leadership positions in retail product management and development.
This appointment is the latest in a series of strategic hires Guardian has made in its Worksite Benefits Group over the past year.
Lincoln Financial Group Distribution (LFGD) named Beth O’Brien senior vice president and head of Finance and Strategy to help drive growth for Lincoln’s two leading distribution franchises: Lincoln Financial Distributors and Lincoln Financial Network.
Prior to joining Lincoln, O’Brien held several leadership roles with Genworth Financial, in Richmond, Va.; spanning product development, distribution and operations. Most recently she was vice president of Life Product Development. She joined Genworth as part of the initial public offering from General Electric in 2004. During that time she was vice president of Internal Sales and the Producer Call Center. From 2006 to 2007 she served as a national sales manager for Genworth’s annuity business; and in 2008 she was named vice president, Business Planning and Process for the annuity division. That role was expanded in 2009 to include Distribution Strategy and the other product lines within the U.S. Life company.
O’Brien began her career in 1992 with GE Capital, Stamford, Conn., as part of its Information Management Leadership Program. During her GE tenure, she built her finance skills with the GE audit staff, earned her Six Sigma Master Black Belt, and quickly rose through the ranks to become a director of Annuity New Business Operations, in 2001.
O’Brien earned a Bachelor of Science degree in computer science from Fordham University, Bronx, N.Y. in 1992. She also holds FINRA Series 6 and 26 licenses.
Reporting to LFGD’s President, Will Fuller, O’Brien will lead all strategic efforts centered on maximizing the value, vision, and strategic goals of both franchises.
Burnham Benefits Insurance Services added Bill Thomas as its newest vice president, a role that will leverage his extensive knowledge and multifaceted experience on the brokerage, carrier and provider sides of the business.
Thomas will focus on business development in the agricultural, winery and transportation logistics markets as well as other industries with specific service models that require uniquely structured benefits programs.
Thomas’ previous position as senior VP of Western Growers Insurance Services, the largest provider of health coverage for agribusiness in the Western United States, gives him a breadth of experience and insight into that market segment. He managed multi-national clients as large as Diamond Growers, Grimmway Farms, and Taylor Farms as well as many smaller agriculturally-based firms, catering to their varying needs —creating unique pool resources that helped to contain costs and provide ideal service to companies of varied sizes. Thomas provided similar service for the California Trucking Association and also worked for Loma Linda Medical Center —offering him insight into that facet of the health delivery system.