Kansas City, Mo.-based insurance broker Lockton Inc. said it has re-branded Alexander Forbes International Risk Services as Lockton International. Lockton formally acquired the business last week.
Mike Hammond, Lockton International chairman, said since taking over Alexander Forbes his firm has seen “a tremendous response from the market” because it has become a privately owned alternative broker with a global reach, “and this is clearly an attractive proposition to a lot of people.”
Lockton Chairman David Lockton said the firm is adding 1,600 staff to the firm and is “dramatically expanding the depth and reach of our risk management services.”
Lockton International Limited will be based in London. It has 31 offices in the United Kingdom, Ireland, Latin America and Asia.
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