The Denver office of Lockton Companies LLC, aprivately held insurance broker, acquired Schwander Insurance Services of Centennial, Colo.
Schwander CEO and President Michael Schwander will become executive vice president at Lockton Denver. He and his team specialize in executive risk management, including directors’ and officers’ liability, fiduciary liability and employment practices liability.
Also joining Lockton are Kenneth P. Capone, who was appointed senior vice president and financial services department manager, and Ana M. Holdren, who is assistant vice president at Lockton. Angela Hamilton, Bonnie Reps and Breanna Sheldon will also join as associates.
Schwander has 28 years’ experience in the insurance brokerage business, most of them in senior management positions at Aon Corp., a global insurance brokerage firm. His professional background includes traditional transactions, IPOs, bankruptcies, funding mechanisms, multiyear structures, mergers/acquisitions and evergreen clauses. Schwander is considered an expert in complex directors’ and officers’ liability claims.
Lockton employs 250 people in its Denver office.
Source:
Topics Mergers & Acquisitions
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