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Lockton hires chief innovation officer from Marsh

Machua Millett

Lockton Cos. LLC has recruited former Marsh & McLennan Cos. Inc. executive Machua Millett as chief innovation officer and alternative investment practice leader in its financial services group. 

Mr. Millett, based in Boston, will report to Gary Phillips, executive vice president and financial services practice leader at Lockton.  

In the new role, Mr. Millett will oversee risk management advisory and insurance placement services for private equity, venture capital, hedge funds, and private and public and develop new products for financial lines. 

Mr. Millett was previously chief innovation officer, FINPRO U.S. at Marsh. Prior to that, he was an attorney for 10 years, most recently at Edwards Wildman Palmer LLP, now known as Locke Lord LLP.