Lockton looks to Aon to grow transaction liability business

Independent insurance broker Lockton looks to grow its transaction liability business with the hiring of a mergers and acquisitions (M&A) specialist from Aon.

Matt Heinz joins Lockton as a partner in its transaction liability practice. He will co-lead the group with partners Josh Halpern, Eric Ziff and Gaurav Sud, who joined the company last year.

Heinz most recently served as a senior managing director and co-practice leader of Aon's North American transaction liability team, where he previously partnered with Halpern, Ziff and Sud in building out a practice.

He has over a decade of transaction liability insurance experience, serving as both an underwriter and broker. Prior to his career in insurance, Heinz was a corporate attorney at Proskauer Rose.

Ron Lockton, chairman of the company, said: "For the last decade, Matt Heinz's name has been synonymous with transaction liability insurance for M&A professionals across the country. His addition to the leadership group of our practice signals to clients and prospects Lockton's commitment to being the 'go-to' advisor for the M&A insurance needs of dealmakers everywhere."

Peter Clune, CEO of Lockton, added: "There is incredible momentum at Lockton right now and you can feel it. The strength of this group directly benefits our clients. This team will help attract world-class talent and provide our private equity and corporate clients, and their advisors, with expertise that will deliver best-in-class execution."

Heinz commented: "I am excited to be part of a growing Transaction Liability business at Lockton. Joining an advisory platform with a global footprint that is uncommonly independent provides a tremendous opportunity to build a practice that meets client needs and supports deals of any size and scope."

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