Timothy Folk Joins Lockton in Philadelphia as EVP

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Sep 07, 2017, 16:16 ET

PHILADELPHIA, Sept. 7, 2017 /PRNewswire/ -- Lockton, the world's largest privately held insurance broker, welcomes Timothy Folk to Lockton's Property & Casualty team as an executive vice president and producer in the Philadelphia operation.

"We are excited to have Tim join the Lockton team," said Tim Ryan, chief operating officer of Lockton Northeast. "He will play a vital role in building on Lockton's deep expertise within the healthcare industry."

Folk gained a unique perspective on risk management as a senior operations leader at a Fortune 100 food manufacturing company. After entering the insurance industry, he started and managed the healthcare team at a privately held insurance broker, leading to dynamic and unprecedented growth in the sector.

He is a frequent speaker and published author on healthcare issues. Folk has also been a strategic board level leader for several health/human service organizations, including board chair for Indian Creek Foundation and board member/finance committee member at VSC, Inc.

Folk will help spearhead Lockton's healthcare new client acquisition initiatives in both Philadelphia and the Northeast. In addition, he'll help guide the overall healthcare strategy within the Northeast Series.

"Tim has earned his stellar reputation in our industry as a thought leader and we are excited to have him join our Philadelphia team. This is a real testament to the kind of growth we have experienced here locally and we look forward to Tim leading the charge forward for us," said Chris Keith, president of Lockton's Philadelphia office.

Folk has an MBA from Temple University, as well as a bachelor's degree in marketing from Penn State.

Lockton's Philadelphia office is located at 751 Arbor Way, Suite 250, Blue Bell, PA 19422. The office number is 215-583-9200.

About Lockton

Lockton is a global professional services firm with 6,500 Associates who advise clients on protecting their people, property and reputations. Lockton has grown to become the world's largest privately held, independent insurance broker by helping clients achieve their business objectives.

For eight 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.

SOURCE Lockton