Lockton Makes Strategic Investment In Australian Broker

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16th July 2009, 09:36pm - Views: 1277





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MEDIA RELEASE PR35411


Lockton Makes Strategic Investment in Australian Broker


LONDON and PERTH, July 16 /PRNewswire-AsiaNet/ --


    Lockton, the world's largest privately held insurance broker, has

acquired a key shareholding in leading Australian intermediary, Australian

Reliance.




    "This investment formalises a relationship which has developed during the

past several years," said Tim Higgins, Executive Vice President of Lockton

Companies. "There is so much we share in terms of values, culture and

business models, and we see this relationship as a natural fit with our

commitment to provide superior results to our clients everywhere in the

world."


    Australian Reliance CEO Andrew Donnelly said, "Our approach is simple:

better people, better solutions, better service. This agreement with Lockton

ensures that our clients continue to achieve unparalleled solutions from the

industry's leading insurance professionals."


    Australian Reliance will also have access to global insurance markets

through the Lockton International teams in London, Singapore, Dubai and

Bermuda.


    Paul Jack, Executive Chairman-Global Risks of Lockton said, "The

relationship provides Australian Reliance's client base with access to the

best global insurance solutions."


    Australian Reliance is one of Australia's fastest growing privately held

insurance brokers. Its headquarters are in Perth, Western Australia with

additional offices in Sydney and Melbourne.


    Lockton is a privately held firm with more than 3,800 professionals in 46

offices in the U.S., Europe, Asia and South America. Lockton was recently

named Commercial Lines Broker of the Year at the British Insurance Awards,

Company of the Year by Insurance Day magazine and finished first in a survey

of European risk managers for broker service. Lockton is the 10th largest

broker in the world and is headquartered in Kansas City, MO.



     SOURCE: Lockton


    CONTACT: Dean Davison

             +1-816-960-9309

             mobile, +1-816-810-0982

             ddavison@lockton.com, or 


             London, Chris Don

             +44 20 7933 2634, or 

             +44 7717 851 998

             chris.don@uk.lockton.com


             both of Lockton Companies, LLC; or 

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             Adam Rhodes of Australian Reliance

             +61 8 9382 7888, or 

             +61 417 976 512

             arhodes@australianreliance.com.au; 




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