Lockton has expanded its aviation practice, naming aviation insurance veteran Peter Schmitz senior vice president and aviation practice leader, the company said.
As part of a significant long-term investment in its aviation risk management operations, Lockton´s expansion includes corporate aircraft, aircraft management and charter, aircraft parts and component manufacturers, airport operations including fixed base operators (FBOs) and aircraft.
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.
Lockton provides 50,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement services that improve their businesses.