Lockton unveils new COO of Pacific operations

Departing exec leaves after 40 years in the insurance industry

Lockton unveils new COO of Pacific operations

Insurance News

By Ryan Smith

Lockton, the world’s largest privately held independent insurance broker, has appointed Nate Mundy as senior vice president and chief operating officer of its Pacific operations in the US. Mundy succeeds Gary Petrosino, who is retiring after 40 years in the insurance industry.

“Nate is a respected leader and innovator who has a keen understanding of Lockton’s value to clients,” said Tim Noonan, CEO of the company’s Pacific operations.

Mundy has been with Lockton for more than 13 years. Prior to taking on his new role, he served as senior vice president of operations of the Pacific Series. Mundy has also served in various client-service and business-development roles at Lockton, including as a member of the merger and acquisition team in New York.

Petrosino joined Lockton as COO of the Pacific Series in 2016 after more than 35 years at Chubb. Prior to joining Lockton, he served as Chubb’s executive vice president and field operations officer for the western United States.

“Gary Petrosino is a tremendous leader and an industry icon,” Noonan said. “He has served Lockton, our clients and the industry with integrity and distinction.”

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