Lockton Companies
| Company type | Private |
|---|---|
| Industry | Insurance, risk management, employee benefits |
| Founded | 1966 |
| Founder | Jack Lockton |
| Headquarters | Kansas City , United States |
Area served | Worldwide (over 140 nations) |
Key people | Ron Lockton (Chairman and CEO as of 2024) |
| Products | Insurance brokerage, risk management, employee benefits solutions |
Number of employees | 10750+ (2023) |
| Website | lockton |
Lockton is a U.S.-based firm specializing in insurance, risk management, and employee benefits solutions. Recognized as the largest privately owned insurance brokerage globally, its headquarters are located in Kansas City, Missouri. The company maintains a presence through more than 130 offices across over 140 nations and employs upwards of 10,750 professionals worldwide.
Established in 1966 by Jack Lockton, the organization has evolved into the third-largest privately held insurance brokerage worldwide and ranks tenth among all brokerage firms. Lockton delivers services to a wide range of sectors, including risk management, casualty, surety, and professional indemnity coverage. With a history of steady organic expansion spanning over five decades, the company reported global revenues surpassing $3.1 billion in the fiscal year 2023.
History
Jack Lockton (1942–2004) founded Lockton Insurance in 1966 at the age of 24, shortly after earning an Economics degree from the University of Missouri Kansas City. Prior to establishing the company, he worked as an underwriter with a focus on surety bonds for contractors. Initially, Jack collaborated with his parents to share office expenses and attract seasoned professionals such as Gary Hambright.
In 1976, Jack’s brother David M. Lockton became the firm’s ninth employee and later held the roles of President, CEO, and Chairman until his departure in 2020. Following David's tenure, Jack’s son Ron Lockton took over as Chairman in 2020 after serving as CEO from 2017 to 2020 and occupying multiple leadership positions throughout more than three decades. Ron reassumed the CEO position in February 2024.
Lockton's national expansion began with the establishment of a successful office in Denver in 1979. The company adopted a strategy focused on appointing experienced business leaders to launch new offices—an approach that remains integral to its growth philosophy.
In 2006, Lockton expanded internationally by acquiring Alexander Forbes International Risk Services, which positioned it as the largest privately held insurance brokerage worldwide.
External links
- Articles with short description
- Companies based in Kansas City, Missouri
- Insurance companies of the United States
- Financial services companies established in 1966
- Privately held companies based in Missouri
- Financial services companies of the United States
- 1966 establishments in Missouri
- Kansas City Royals owners