London (March 11, 2020) ― L.E.K. Consulting, a global management consulting firm, today 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.”
About L.E.K. Consulting
L.E.K. Consulting is a global management consulting firm that uses deep industry expertise and rigorous analysis to help business leaders achieve practical results with real impact. We are uncompromising in our approach to helping clients consistently make better decisions, deliver improved business performance and create greater shareholder returns. The firm advises and supports global companies that are leaders in their industries — including the largest private and public-sector organizations, private equity firms, and emerging entrepreneurial businesses. Founded in 1983, L.E.K. employs more than 1,600 professionals across the Americas, Asia-Pacific and Europe. For more information, go to www.lek.com.