Independent insurance broker Lockton has appointed Stéphane Lespérance as chief executive officer (CEO) of its new Canadian retail business.
The appointment is consistent with Lockton’s overall strategy to build a Canadian-led organization that provides enhanced high-level advisory support to Canadian businesses. It reflects the broker’s long-term collaboration with Canadian clients as well as multinational businesses operating in Canada.
Lespérance is an industry veteran and widely recognized executive in the Canadian market. Over the past 24 years, he has held progressively senior positions at Aon Canada, serving as president since 2019 and president and chief executive officer since 2025.
He has nearly three decades of experience in risk management and has a proven track record of enhancing client service through the development and implementation of complex risk management strategies in North America, Europe and Asia.
Lespérance’s experience building elite consulting teams makes him uniquely positioned to shape the next phase of Lockton’s Canadian offering. He is also Chairman of the Board of Governors of the Canadian Insurance Association.
Ron Lockton, Chairman and CEO of Lockton, commented on the appointment: “Canada is one of the top ten insurance markets in the world and a complex, globally interconnected economy where businesses are dealing with increasingly complex and interconnected risks.
“Through our long-standing relationships in Canada, we have consistently heard about the need for deeper specialization and a truly client-focused consulting model. Lockton’s independent structure allows us to meet this need in a meaningful way. Hiring a leader like Stéphane is a testament to the strength and appeal of our private model. He brings the experience, credibility and strategic vision needed to deliver a best-in-class consulting experience to clients across Canada.”
Lespérance added: “More than ever, Canadian businesses need a partner who understands the increasingly complex risk environment they face, from trade and supply chain uncertainty and cyber threats to workforce pressures, rising welfare costs, climate resilience and industry-specific challenges.
“Lockton’s independent model is highly relevant to today’s Canadian market. It provides the freedom to build a truly customer-centric platform, allowing us to focus on our customers’ long-term success. I’m excited to bring together a collaborative team of experts to deliver exceptional results for our Canadian customers.”
Lockton continues to build its Canadian leadership team, local market presence and strengthen consulting capabilities. The brokerage will combine Canadian leadership and local market judgment with global expertise, aligning Canadian retail operations with Lockton’s global network.
Last week, the broker reported that global revenue rose 12% year-on-year to approximately $4.5 billion in fiscal 2026, as the company’s global reinsurance business, Lockton Re, continued to grow strongly.
