L.E.K. Consulting, a global management consulting firm, announced the appointment of Justin Balcombe as a partner to co-head the firm’s Insurance practice. Based in London, Balcombe joins L.E.K. from another consultancy, where he was a partner in its global insurance practice. He will lead L.E.K.’s Insurance practice with partner Ashish Khanna.
Balcombe has over three decades of experience in the insurance industry. He advises CEOs, company boards, and senior management teams on strategy, performance, business transformation, and innovation. He has deep experience across the insurance value chain, including personal, large commercial, and speciality lines, life, re-insurance, technology, and claims management.
Balcombe’s career has included leadership positions at a number of consultancies focused on the industry. He is a passionate advocate for diversity, climate change, and mental health.
Clay Heskett, head of L.E.K. Consulting’s Europe region, commented: “Justin is one of Europe’s leading consultants in insurance and brings a vast amount of experience advising senior management on their complex strategic issues. We are delighted that he has joined the firm and look forward to working with him as he expands our insurance practice.”
Justin Balcombe, partner, and co-head of L.E.K. Consulting’s Insurance practice said: “The insurance industry faces enormous challenges, from the impact of the COVID pandemic to regulation, the ESG agenda, digitisation and consolidation, and L.E.K. is a go-to adviser for insurers and their suppliers to turn to. The firm has a stellar reputation for its strategic advisory work, and I am excited to become part of the team.”
Sourced from L.E.K