Lockton will open two new offices in Australia, establishing a new insurance brokerage, Lockton Australia Pty Ltd, with locations in Perth and Sydney. Lockton is the world's largest privately held insurance broker.
"Adding Lockton operations in Australia is another important step in expanding our expert local teams to serve clients around the world," said John Lumelleau, President and CEO of Lockton, Inc.
Lockton Australia offices will open officially May 18, serving the commercial insurance needs of corporate and multinational clients throughout Australia.
Adam Rhodes has been named Lockton Australia Chief Executive Officer, reporting to Gerry Callaghan, Executive Chairman of Lockton's Asian operations. Rhodes was formerly with Australian Reliance Group and will be joined at Lockton by several former principals of ARG.
Lockton and Australian Reliance have restructured their relationship and business, and in the future, they will operate separately. This restructure provides the ability to focus on the individual needs of a diverse client base and reflects the rapid growth achieved over recent years.
Mike Hammond, Chairman of Lockton's operations outside the U.S., commented: "I am delighted at this natural development in our business relationship. This will ensure that our Australian Associates have full access to Lockton resources across Asia and the rest of the world whilst building the business locally in Australia. This will ensure that our valued clients continue to receive exceptional service."
Andrew Donnelly, CEO of Australian Reliance, said: "This restructure will enable us to continue to develop the Australian Reliance brand, while ensuring our clients continue to receive the exceptional levels of service and technical advice to which they have become accustomed. We are committed to continuing to deliver the personalised client service that is the Australian Reliance trademark."