Lockton Companies appointed industry veteran Michael Power as senior vice president and Northeast real estate practice leader.
Based in the insurance broker’s Manhattan, New York, office, Power will be responsible for business development and client advocacy for clients in the real estate and hospitality industries. He will help guide clients through risk management and insurance challenges in the real estate market.
Power has expertise in alternate risk funding techniques, insurance contract analysis, and working with complexities of risk management for commercial and residential real estate and hospitality related exposures, as well as active involvement in all facets of related insurance placements. He has advised clients on the feasibility of captive insurers as well as accessing the London, Bermuda and European insurance markets.
Most recently, he headed the New York real estate practice at insurance broker Willis, with an emphasis on metropolitan New York area clients.
He started his career with the Maryland Casualty Company, transitioning to the brokerage community with Leonard Newman Agency in White Plains, N.Y. He has also held senior leadership positions with Sedgwick James and Wells Fargo Insurance Services. Power holds the Chartered Property and Casualty Underwriter designation, and has served as president of the Westchester, N.Y., Chapter of CPCU.
Lockton Companies is a Kansas City, Mo.-headquartered insurance broker. Founded in 1966, Lockton has more than 4100 employees and 58 offices around the world. It is the largest privately held insurance broker.
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