LOCKTON LISTED AMONG TOP BROKERS BY BUSINESS INSURANCE
Lockton has earned a spot among the top insurance global brokers, ranking #9 in the 2011 Business Insurance broker survey. Lockton has been #9 for the past two years and is the largest privately held broker on the list.
The company had the highest organic growth rate among top 10 brokers at 8.5 percent.
Lockton posted gross revenues of more than $836 million for 2011, a record for the company.
Strong client retention, international growth, and expansion in employee benefits consulting helped drive the growth for Lockton.
Chairman David Lockton told Business Insurance that rising client expectations are driving change in the industry.
“It's no longer good enough to just be a good broker,” said Chairman David M. Lockton. “Clients are looking for creativity in consultative services.”
Lockton President & CEO John Lumelleau told the magazine to expect further expansion from Lockton.
“You can expect for Lockton to continue to be an opportunistic company and take advantage of strengthening our operations where we already are,” Mr. Lumelleau said. “We have a broad footprint around the world now and simultaneously we are taking advantage of new geographies where there is a compelling reason to do so.”
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