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Lockton has acquired a majority shareholding in Johannesburg-based insurance broker, firstEquity Risk Management Services (Pty) Limited, as part of its commitment to servicing the South African market.
As a Lockton Global Partner, firstEquity Risk Management have been servicing Lockton’s clients since 2012.
Chairman of Lockton Global LLP, Chris Brown, said:
“firstEquity Risk Management is a great cultural fit for us, with its success in the corporate and commercial sector being based on a high degree of client focus and independence that echoes our own values. We are delighted that CEO Seamus Casserly and his team will be joining us.”
CEO of firstEquity Risk Management Services (Pty) Ltd, Seamus Casserly, said:
“We are 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.”
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 7,000 associates help 52,000 clients in 125 countries. They place over $29 billion of insurance premiums.
Our clients value our bespoke solutions, innovative ideas and great service rather than efforts to sell more products. Our 96% client retention rate speaks for itself.