NU Online News Service, July 20, 12:48 p.m. EDT
Kansas City, Mo.-based insurance broker Lockton said it has taken a key shareholding interest in Perth, Australia-based insurance broker Australian Reliance. Terms of the deal were not released.
"This investment formalizes a relationship which has developed during the past several years," Tim Higgins, executive vice president of Lockton Companies, said in a statement. "There is 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."
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