The world's largest privately held insurance broker, Lockton, says it posted record revenues in 2013, topping more that $1 billion for the first time.
The Kansas City, Kan.-based broker says fiscal 2013 revenues increased 11 percent last year to $1.02. Its fiscal year ends April 30. This is the 47th consecutive year the firm says it has increased its revenues.
“Our focus has always been about earning client loyalty and earning new business by making a difference for our clients,” says David Lockton, chairman, adding that with exceptional performance, the revenue would follow.
John Lumelleau, president and CEO say the firm's global position allows it to service its client's interests and it “is a direct result of our associates building trust with our clients.”
Lockton provides risk management and employee benefits consulting to more than 35,000 clients around the world with 4,950 associates in 64 offices in North America, Europe, South America, Asia, and Australia.
Founded in 1966 in Kansas City in 1966, and firm has grown primarily through organic growth rather than acquisition.
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