Lockton Cos. L.L.C. has named Mark Moitoso to lead its risk practices organization, succeeding Tim DeSett, who joined American International Group Inc. in January.
Mr. Moitoso will lead Lockton's team of national practice experts who partner with clients and account teams to deliver strategic risk solutions, the Kansas City, Missouri-based broker said in a statement Monday.
He most recently led Lockton’s analytics risk practice.
Mr. Moitoso will split his time between Atlanta and Kansas City and will continue to lead Lockton’s analytics practice until a longer-term strategy is determined, a spokeswoman for Lockton said in an email statement.
"As Lockton's risk practices leader, Mark will apply his expertise and strong leadership skills to help the entire risk practices team continue to strengthen Lockton's strategic risk consulting and risk management programs which ultimately help improve our clients' businesses," Peter Clune, Lockton's president and U.S. chief operating officer, said in a statement.
USI Insurance Services L.L.C. has filed suit against a former Wells Fargo Insurance Services USA Inc. broker and Lockton Cos. L.L.C., charging the broker joined Lockton in violation of his noncompete agreement.