Lockton buys shares in Australian broker
The world’s largest privately owned insurance broker, Lockton, has acquired a stake in Perth broker Australian Reliance.
The new relationship provides Australian Reliance’s client base with access to global insurance markets through Lockton’s international teams in London, Singapore, Dubai and Bermuda.
Lockton is the 10th-largest global broker and is headquartered in Kansas City, Missouri.
Australian Reliance CEO Andrew Donnelly says the deal will give his company, which also has offices in Sydney and Melbourne, “access to better people, better solutions and better service”.
Lockton Executive VP Tim Higgins says the investment formalises a relationship that has already developed over the past few years.
The new relationship provides Australian Reliance’s client base with access to global insurance markets through Lockton’s international teams in London, Singapore, Dubai and Bermuda.
Lockton is the 10th-largest global broker and is headquartered in Kansas City, Missouri.
Australian Reliance CEO Andrew Donnelly says the deal will give his company, which also has offices in Sydney and Melbourne, “access to better people, better solutions and better service”.
Lockton Executive VP Tim Higgins says the investment formalises a relationship that has already developed over the past few years.