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
Adam Rhodes of Australian Reliance
+61 8 9382 7888, or
+61 417 976 512
arhodes@australianreliance.com.au;
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