Article / Risk Management, Employee Benefits
Lockton Companies Ranked Among World’s Largest Brokers

Global expansion and client retention propelled Lockton Companies to exceed the $1 billion revenue mark in the latest ranking of brokers by Business Insurance magazine. Lockton reported total revenues of $1.01 billion and organic growth of 11 percent. Lockton ranks 9th among global brokers and remains the world's largest privately held independent broker. The rankings were published on July 15, 2013.

Read more about Lockton reaching the $1 billion milestone.

In its report, Business Insurance credits the brokerage's success to its U.S. and global organic growth as well as industry-leading client retention rates.

Seventy-four percent of Lockton's revenue was generated from U.S. clients while the rest came from its expanding global presence. The brokerage operates in countries including Brazil, China, Mexico, and the United Kingdom, adding offices in Australia and the United Arab Emirates in 2012.

"While we are proud of the $1 billion milestone, we are even more proud about how we have realized it, taking a consistent approach to solving (client) business problems where we do business around the world," said John Lumelleau, president and CEO of Lockton.

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