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Italian Broker PL Ferrari & Co Joins Lockton

Lockton are pleased to announce specialist Italian broker PL Ferrari & Co have joined Lockton.

Mike Hammond, CEO of Lockton’s international operations, said:

“Our acquisition of PL Ferrari & Co demonstrates our commitment to build an industry leading practice in the global Protection and Indemnity Insurance and the wider Marine Market. PL Ferrari has a fabulous reputation, and we are delighted that CEO Federico Deodato, his fellow directors, and shareholders have agreed to join Lockton. Their addition to our existing teams in Asia, London, Middle East, North Africa, and the US, gives our clients access to the very best global risk advice.”

Headquartered in Genoa, Italy, PL Ferrari & Co is the world’s leading specialist Marine Protection and Indemnity Insurance broker.  As well as Genoa they have offices in Ferrara and Naples, Athens, Monaco, and London.

Lockton’s Deputy CEO for international operations Neil Nimmo stated:

PL Ferrari & Co, is a fantastic cultural fit for us with its success based on a high degree of client focus and independence that rings true with our own values.”

PL Ferrari & Co, CEO, Federico Deodato added, “We are hugely excited to join Lockton. This provides perfect synergies for both companies and allows us to maintain and grow our business and our people for the benefit of our existing and future clients.”

This follows Lockton’s recent marine investments in LCH Lockton pte Ltd, Singapore, and strategic hires in China and Hong Kong.  

About Lockton
Lockton is the world’s largest privately owned global insurance broker. As such, our focus is our clients and our people rather than external shareholders. We can make long-term decisions that benefit our clients and improve service delivery. Our 5,600 Associates help 48,000 clients in more than 125 countries. They place more than $20 billion of insurance premiums.
For seven consecutive years, Business Insurance magazine has recognised Lockton as a “Best Place to Work in Insurance.”
Our clients value our bespoke solutions, innovative ideas and great service. Our 96% client retention rate speaks for itself.

    
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