Kansas City’s Lockton, Inc., the world’s largest privately owned insurance broker, announced the launch of Lockton International, the re-branded name of the former Alexander Forbes International Risk Services (AFIRS) business it formally acquired on November 9. Lockton agreed to acquire the business from Alexander Forbes Limited earlier this year (See IJ Website Aug. 21).
Lockton International will combine the parent Company’s strong presence in the North American market with the extensive AFIRS network in the rest of the world. “This is the moment we’ve been waiting for,” stated Lockton International Chairman Mike Hammond. “We have had a tremendous response from the market. At last there’s a privately owned alternative broker with a global reach, and this is clearly an attractive proposition to a lot of people. Lockton will play to its strengths. We know what we do well, and intend to be the best in our chosen fields.”
Lockton International CEO Stewart McCulloch commented: “The fact that we are truly independent means we can devote more of our time and resources to our clients, and our recent recruitment drive bears witness to that.”
“This is a landmark day for our clients and our people,” added David Lockton, Chairman of Lockton, Inc. “We are welcoming 1,600 new colleagues to the Lockton family, and we are dramatically expanding the depth and reach of our risk management services. Lockton focuses on delivering a distinctive level of service, and Lockton International is now an important part of that promise to our clients around the world.”
Lockton, Inc. President and CEO John Lumelleau noted that the “two organizations fit like a hand in a glove. Our combined operation provides clients with easy access to professional risk management expertise around the world.”
Lockton International Limited has its main location at 6 Bevis Marks in London, renaming the building Lockton House. It has 31 offices in the United Kingdom, Ireland, Latin America and Asia. In combination with its position in the European broker partnership EOS RISQ, Lockton serves clients from 143 local offices in 44 countries.
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