SPAC Guest Spotlight: Machua Millett
In this episode of The SPAC Podcast, Machua “Motsch” Millett, Chief Innovation Officer at Lockton Companies, shares his journey from Harvard-trained securities lawyer to leading expert in management and professional liability insurance for companies transitioning from private to public.
With over 15 years as a broker, and prior experience defending insurers in federal and state court, Machua has seen the risk landscape from all sides. He discusses how his legal background helps clients draft stronger insurance policy language, avoid denial traps, and manage claims during high-stakes transitions like IPOs and de-SPACs. For founders, CFOs, and legal teams preparing to go public, this conversation offers a practical, behind-the-scenes look at how to de-risk the process long before problems arise.
Connect with the Guest:
Machua Millett – Chief Innovation Officer, Lockton Companies
LinkedIn: https://www.linkedin.com/in/machuamillett/
View all of their episodes here:
https://www.thespacpodcast.com/guests/machua-millett/
Connect with the Hosts & The SPAC Podcast:
Michael Blankenship LinkedIn:
https://www.linkedin.com/in/mikeblankenship/
Joshua Wilson LinkedIn:
https://www.linkedin.com/in/joshuabrucewilson/
YouTube Channel:
https://www.youtube.com/@Thespacpodcast
Contact The SPAC Podcast:
https://www.thespacpodcast.com/contact/
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The views, opinions, and statements expressed by the guest are solely their own and do not necessarily reflect the views of The SPAC Podcast, its hosts, or affiliated organizations. This content is for informational purposes only and should not be construed as investment, legal, tax, or accounting advice.
Disclaimer:
Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
Listeners are encouraged to consult their own legal counsel, compliance professionals, or financial advisors to ensure adherence to applicable laws and regulations, including those enforced by the SEC, FINRA, and other regulatory bodies. This podcast does not constitute a solicitation, offer, or recommendation of any financial products, securities transactions, or legal services.
Let’s Connect on LinkedIn:
👉 Michael J. Blankenship - https://www.linkedin.com/in/mikeblankenship/
👉 Joshua Bruce Wilson - https://www.linkedin.com/in/joshuabrucewilson/
To Contact Us or Collaborate:
Michael Blankenship:
Hello, Mike Blankenship here with The SPAC Podcast. I’m joined by Machua “Motsch” Millett from Lockton Companies. Motsch, want to give us a quick background about yourself?
Machua Millett:
Sure. I’ve been an insurance broker for about 15 years now, and I’ve always focused on management and professional liability for companies moving from private to public.
Before that, I was a lawyer by trade. I graduated from Harvard Law School in 2000 and became a securities class action defense lawyer at Skadden Arps, among other firms. Then I spent five years working for insurance companies as outside coverage counsel.
You’ll be shocked, Michael and Josh, to hear that sometimes insurance companies deny coverage. When that happened, our clients would get sued and we’d defend them in state and federal court.
So, 15 years ago, I moved over to the brokerage side to help clients draft stronger insurance policies and more importantly, to help them navigate the claims process when issues do arise.

Machua Millett
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.