Independent insurance broker Lockton said May 4 it will create two new business teams to align its Texas operations.
Lockton’s Houston, San Antonio, Dallas and Fort Worth property-casualty operations will combine into a single operation under the leadership of Tim Kelly, chairman and CEO. Kelly has been an executive with Lockton since 2001 in Houston.
Frank Scardino will continue in his role as president of the Dallas property-casualty business.
Bruce Sammis, a Lockton executive since 1998, has been named chairman and CEO of the firm’s employee benefits operations in Texas, which includes Dallas, Fort Worth, Houston and San Antonio.
“This expands our client capabilities, focuses our energy and creates more collaboration for clients in Texas and beyond,” said Scardino, an executive with Lockton since 2007 in Dallas.
The combined Lockton Texas operation has 700 associates and more than $200 million in revenue, the company said in a news release.
More than 5,600 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting and retirement services. The company was founded in 1966 in Kansas City, Mo., and has become the largest privately held, independent insurance broker in the world and 10th largest overall.