Lockton Companies, a privately held insurance broker, has appointed Michael McFadden as executive vice president for the company's New York operations, and Laura Talt as vice president and consultant for its employee benefits operation in New York.

The addition of Mr McFadden expands Lockton’s depth of expertise in providing transaction-related insurance products and employee benefit due diligence for acquisition-minded clients. He will be based in Lockton’s New York office and have a lead role in expanding Lockton’s presence in the Philadelphia area.

Ms Talt joins Lockton from Frank Crystal & Company where she was an associate director in the firm’s national employee benefit practice in New York.

Timothy Ryan, COO of Lockton’s New York operations, said: Michael McFadden brings a wealth of experience and deep relationships in the private equity community. He is outstanding at structuring solutions to mitigate the exposures inherent with mergers and acquisitions and developing portfolio programs to maximize investment returns.

Laura will work with Lockton clients to plan and structure their employee benefit programs, manage trends and issues, negotiate coverage and evaluate outcomes.