Power Joins Lockton's New York Operations

Experienced risk management executive to advise real estate and hospitality clients

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Jan 09, 2012, 09:00 ET

NEW YORK, Jan. 9, 2012 /PRNewswire/ -- Michael F. Power has joined Lockton as Senior Vice President and Northeast Real Estate Practice Leader based in the insurance broker's midtown Manhattan offices. He will be responsible for business development and client advocacy for clients in the real estate and hospitality industries. Lockton is the world's largest privately held insurance broker.

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"Mike Power's experience and breadth of expertise will be of tremendous value to our real estate clients," said Tim Ryan, Chief Operating Officer of Lockton Northeast. "The real estate market continues to be dynamic, and Mike will help guide clients through the risk management and insurance challenges ahead."

Power has expertise in alternate risk funding techniques, insurance contract analysis, and working with the complexities of risk management for a wide variety of 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, NY. He has also held senior leadership positions with Sedgwick James and Wells Fargo Insurance Services.

He is active in insurance and real estate professional organizations. Power holds the Chartered Property & Casualty Underwriter designation, and has served as President of the Westchester (NY) Chapter of CPCU. He has presented to the Real Estate Board of New York (REBNY) on terrorism risk issues, Captive utilization and insurance market conditions.

He holds a Bachelor of Science degree in General Business from LeMoyne College in Syracuse, NY.

Power can be reached at Lockton in New York City at 646-572-3930 or [email protected]. His office is located at 1185 Avenue of the Americas, Suite 2010, New York, NY 10036.

About Lockton

More than 4,100 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, Lockton has grown to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies. For three consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance."

SOURCE Lockton