Machua Millett

Machua Millett Profile Photo

CINO and Alternative Investment Practice Leader

Mach specializes in policy drafting, program placement and claims advocacy regarding management and professional liability insurance issues for private equity, venture capital, and hedge funds and private and public companies. He is responsible for overseeing technical insurance policy drafting for our General Partner Liability and portfolio company D&O books, as well as guiding private companies through the insurance aspects of the traditional Initial Public Offering (IPO), SPAC IPO, and de-SPAC processes. He is also a senior claims and coverage resource for our alternative investment fund and private and public company clients when they have a claims dispute.

Mach’s background is as a general commercial litigator, securities class action defense attorney and insurance coverage lawyer. Before becoming an insurance broker, he spent ten years defending alternative investment firms and private and public companies against regulatory investigations, derivative and class action securities suits, general commercial lawsuits and insurance coverage actions at Bingham McCutchen, Skadden Arps and Edwards Wildman.

Mach was born in Nicaragua, and grew up in Nicaragua and Costa Rica before coming to the United States. He graduated from New Lebanon Junior/Senior High School as a National Merit Scholar, summa cum laude from Tufts University, and Harvard Law School. He lives outside of Boston, MA with his wife and two boys.

Nov. 6, 2025

Why D&O Insurance Premiums Have Dropped Since 2021

Lockton's Machua Millett explains why SPAC D&O premiums spiked during the 2021 boom and why premiums and deductibles have since fallen dramatically.
Oct. 29, 2025

“DeSPAC-age” Insurance Model and Closing Coverage Gaps

Lockton's Machua Millett on why buying standalone D&O policies at each SPAC stage creates gaps, and how the DeSPAC-age model bundles coverage to close them.
Oct. 23, 2025

What SPACs Must Prepare for in the Next 12–18 Months

Lockton's Machua Millett on the D&O risk outlook for SPACs and de-SPACs, why this cycle has more experienced sponsors, and why litigation looks less volatile.
Oct. 22, 2025

How Underwriters Evaluate Risk for SPAC and de-SPAC Coverage

Lockton's Machua Millett on how underwriters price D&O risk for SPACs and de-SPAC targets, from sponsor track record to how volatile the target's sector is.
Oct. 13, 2025

Why Boards Need a Broker Who Does More Than Just Place Insurance

Lockton's Machua Millett on why SPAC boards need a broker who acts as a risk advisor, from educating directors to designing coverage and advocating during claims.
Sept. 11, 2025

SPAC Guest Spotlight: Machua Millett

Lockton's Machua Millett on his path from securities lawyer to D&O expert, and how his legal background helps clients write stronger policy language.