Lockton Companies to Open Glasgow, Scotland Office

Acquisition of Griffiths & Armour in Glasgow will expand Lockton's insurance and risk management presence in Scotland

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Oct 02, 2014, 01:19 ET

GLASGOW, Scotland, Oct. 2, 2014 /PRNewswire/ -- Lockton Companies, LLP today announced that it has reached agreement to acquire the Glasgow general insurance business of Griffiths & Armour. The transaction completed on October 1.

This builds on Lockton's investments in the Scottish corporate insurance market following the strategic hires announced in June of Gordon Duncan, Gordon McLagan, and Nichola Martin.

Gordon Duncan, Head of Corporate, Scotland for Lockton commented, "I am delighted that Graeme Stirling and his team are joining Lockton. This acquisition further strengthens Lockton's position in Scotland as a combined business and provides extensive credentials, capabilities and resources to help our clients grow and thrive. Graeme's team has an outstanding reputation for attracting quality clients and delivering excellence in client service. This is aligned to Lockton's culture and they join at an exciting time in Lockton's development in Scotland."

This acquisition will complement the established Professional and Financial Lines business in Edinburgh, led by Lorraine Boyle, and increases the number of insurance and risk management professionals employed by Lockton in Scotland to more than 25.

Lockton's corporate risk business in Scotland works with clients in all sectors pro-actively designing and implementing bespoke insurance and risk management solutions to protect their balance sheet and help them become more successful.

Graeme Stirling added, "I am thrilled by the opportunity to be joining a leading global broker, and look forward to introducing our broad and extensive range of services set upon an international platform to corporate clients in Scotland."

About Lockton
More than 5,300 professionals at Lockton provide 41,000 clients around the world with risk management, insurance, and employee benefits consulting services that improve their businesses. From its founding in 1966 in Kansas City, Missouri, Lockton has attracted entrepreneurial professionals who have driven its growth to become the largest privately held, independent insurance broker in the world and 10^thlargest overall. Independent researcher Greenwich Associates has awarded Lockton its Service Excellence Award for risk management for large companies. For five consecutive years, Business Insurance magazine has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.

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