Lockton Expands Aviation Practice, Peter Schmitz to Lead

Prominent aviation insurance veteran joins top independent broker

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Aug 01, 2016, 04:40 ET

KANSAS CITY, Mo., Aug. 1, 2016 /PRNewswire/ -- Lockton has named Peter Schmitz Senior Vice President and Aviation Practice Leader as part of a significant long-term investment in its aviation risk management operations. Lockton, the world's largest privately held, independent insurance broker, plans to expand its services to firms across the spectrum of the aviation industry, including corporate aircraft, aircraft management and charter, aircraft parts and component manufacturers, airport operations including fixed base operators (FBOs), aircraft repair and overhaul as well as passenger and cargo airlines.

Top independent broker Lockton expands aviation practice. Prominent aviation insurance veteran Peter Schmitz to lead.

Schmitz is an aviation insurance industry veteran with 31 years of experience advising clients, structuring insurance programs, and building expert teams. Schmitz will build on Lockton's existing aviation teams in the US and London to enhance its capabilities. Most recently, Schmitz was CEO of Aon's Global Aviation Specialty business. He has also been a leader in Marsh's US Aviation Specialty operations.

"Peter Schmitz has tremendous insight into the risks and business issues facing the aviation industry and has distinguished himself as a client advisor," said Glenn Spencer, Chief Operating Officer and President of Lockton's US operations. "We are very pleased that he will help guide our growth plans and expand our team in the aviation specialty insurance sector. We already have a solid group of clients and talented Associates on which to build. Peter will be a great fit with our collaborative, entrepreneurial culture."

Risk & Insurance magazine has honored him as a "Power Broker" based on his work with clients. He is a graduate of Florida Institute of Technology who began his career as a commercial pilot, later transitioning to become an aviation insurance underwriter. Schmitz is still a licensed commercial and instrument-rated pilot.

Schmitz will be based in Lockton's South Florida operation at 3601 SW 160th Avenue, Suite 200 in Miramar, Florida 33027. The phone number is 954.883.2000

About Lockton
More than 6,000 professionals at Lockton provide 50,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 9th largest overall. For seven consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.

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