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Lockton Taps Aon Veteran Stéphane Lespérance to Lead Canadian Expansion

Stéphane Lespérance has been appointed CEO of Lockton’s newly established Canadian retail business, marking a significant push by the world’s largest independent insurance brokerage to capture a larger share of the country’s high-stakes risk and benefits market through a client-centric, private-ownership model.

Lockton Taps Aon Veteran Stéphane Lespérance to Lead Canadian Expansion

Lespérance joins the firm following a 24-year tenure at Aon Canada, where he most recently served as President and CEO. His transition to Lockton is framed by the brokerage as a strategic move to leverage his experience in managing complex multinational risk portfolios across North America, Europe, and Asia. The appointment signals a shift in Canada’s insurance landscape, as Lockton seeks to differentiate itself from publicly traded competitors by emphasizing its independence and long-term advisory focus.

Ron Lockton, Chairman and CEO of the global firm, noted that the Canadian market—ranked among the top ten globally—demands deeper specialization to address interconnected risks like cyber threats and climate resilience. By integrating local market judgment with its global network, the firm aims to provide tailored solutions for mid- and large-market enterprises. Lespérance, who also chairs the board of governors for The Insurance Institute of Canada, will oversee the assembly of a new leadership team and the expansion of the firm’s local advisory capabilities in the coming months.

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