CEO John L. Lumelleau (1997–) Type Privately held company | Founder Jack Lockton Number of employees 5,300 | |
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Number of locations 64 locations in 17 countries Key people David M. Lockton, Chairman, John Lumelleau, President and CEO, Mike Hammond, International Chairman, Glenn Spencer, Chief Operating Officer, Henry Bond, Chief Financial Officer Products Insurance, Risk Management and Employee Benefits Revenue 2014 Global Revenue $1,126,000,000 Subsidiaries PL Ferrari & Co. Srl, Lockton (MENA) Limited Profiles | ||
Lockton companies
Lockton Companies Inc. is the world's largest privately held insurance brokerage firm, providing insurance, risk management and employee benefits solutions. In addition to its Kansas City, Missouri headquarters, Lockton operates 64 locations in 17 countries. Lockton currently employs more than 5,300 Associates worldwide.
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The company was founded by Jack Lockton in 1966 and has since become the world’s 10th largest insurance brokerage firm. Lockton serves a wide array of industries with services that include risk management, casualty, surety, professional indemnity and more. For 46 years, Lockton posted extraordinary organic growth, with global revenues reaching more than $1 billion in fiscal 2013.
Entities
History
In 1966 Jack Lockton (1942–2004) founded Lockton Insurance. He had just graduated from the University of Missouri Kansas City in 1964 with a degree in Economics. Prior to founding Lockton Insurance, Jack Lockton worked as an underwriter for a surety bonding company where he specialized in serving contractors.
Lockton Company started when Jack partnered with his parents to share office expenses and have the money to hire office help. He was able to persuade big name people in the industry to leave their established jobs to come work with him, including Gary Hambright who had worked with Jack at his previous job. In 1976 Jack’s brother David M. Lockton joined the company as Lockton’s ninth employee. David later served as President then CEO. Since 2003, David has served as the company’s Chairman.
Lockton began expanding their business across the country after establishing an office in Denver in 1979 and gaining success. They focused on finding a great business leader in the area, recruiting them to start an office, and taking off from there. This is still their model today.
In 2006, Lockton expanded globally with the acquisition of Alexander Forbes International Risk Services, making it the world's largest privately owned broker.
Community Involvement
Lockton is known for being exceptionally involved in their community. They have taken part in numerous fundraisers and service project for more than 30 different organizations. Lockton has contributed to various charities, organizations, and projects, including:
Awards
2014
2013