Hometown company to provide insurance and risk management advice
KANSAS CITY - Edgemoor team design-builder, Clark | Weitz | Clarkson, has added another highly-respected Kansas City-based firm to its ranks. The team awarded the contract for insurance placement and administrative services on the KCI new terminal project to local insurance firm, Lockton Companies. The award furthers the Edgemoor team’s commitment to delivering a transformational project by amplifying opportunities for local businesses to contribute to the new terminal’s development, design and construction.
Founded in Kansas City in 1966, Lockton Companies has a longstanding local presence and deep roots in the community. Formed as an insurance and surety broker for the construction industry, the firm has expanded exponentially in both service offerings and geographic reach. Lockton’s Kansas City offices support both local and global clients and are home base for nearly 1,400 associates who live and work in the region. Construction and design remains the company’s largest industry and accounts for nearly a quarter of its revenue.
As part of their role on the project, Lockton will provide insurance placement and administration services, along with risk management consulting.
“Lockton is honored and excited to be part of making the new KCI terminal possible,” said Joe Agnello, CEO of Lockton’s Kansas City operation. “KCI is the gateway to our hometown, and we look forward to helping Edgemoor and the Clark | Weitz | Clarkson team create a world-class airport to serve our community and welcome visitors.”
Lockton enhances a growing and diverse cohort of local firms who will deliver the new terminal project. Collectively, the greater Edgemoor Team is comprised of more than 50 Kansas City-based firms - 33 of which are certified minority- and women-owned businesses. Lockton plans to enlist additional minority- and women-owned businesses to help administer the complex insurance program.
The project team also includes local general contractor, JE Dunn; construction firms, U.S. Engineering and Capital Electric; design and engineering firms Taliaferro & Browne and Garver; and financial services companies, Lead Bank and Kutak Rock, among many others.
Mark Goodwin, Clark | Weitz | Clarkson vice president and program manager for the new terminal, expressed his excitement about the latest addition to the project team, adding, “Lockton has a longstanding reputation as a top-notch insurance broker. Their technical knowledge, relevant industry experience, and national standing makes them the right partner for this project.”
Geoff Stricker, managing director for Edgemoor Infrastructure & Real Estate called the addition of Lockton another positive step for the project and the community. “From day one, the Edgemoor Team made a promise to ensure the new terminal was a project for Kansas City by Kansas City. Our commitment to building a diverse and qualified team, maximizing local participation, and creating meaningful opportunities throughout this journey remains strong,” said Stricker. “We are confident that Lockton will enhance our ability to provide a successful outcome for the region.”
The new terminal project is advancing swiftly, and the selection of Lockton as the project’s insurance broker marks another important step in the construction process. Design work will continue into 2019. Demolition activities are anticipated to begin as early as this fall, following the FAA’s approval of the Environmental Assessment; a groundbreaking for the project will follow. Construction of the new terminal will begin in early 2019.