Global insurance broker Lockton has announced the formalisation of its Global Transaction Liability practice, a move that solidifies the firm’s commitment to providing clients with a unified, expert-led approach to managing transaction risk across all major M&A markets. The global practice will be co-led by Lockton’s U.S. Transaction Liability leadership team: Josh Halpern, Matt Heinz, Gaurav Sud, and Eric Ziff. “Transaction liability is a highly technical advisory discipline,” said Josh Halpern, Global Co-Head, Transaction Liability. Duffy joins Lockton following 13 years at AIG, where she was Global Head of Mergers & Acquisitions Insurance, overseeing the largest global transaction liability insurer. She started her career in the sector at a large global broker, founding its North America transaction liability practice.