Risk & Insurance

Lockton Global appoints Southern Africa broker partner

Lockton Global has announced the appointment of SATIB Insurance Brokers as their partner brokers across Southern Africa. Lockton Global clients now interested in doing business in Southern Africa (excluding SA) will be entrusted to SATIB for their insurance and risk related requirements.

Lockton was founded in 1966 and are based in Kansas City. Their international head office is in London. Lockton now has more than 4 450 associates in 60 offices throughout 18 countries including USA, Europe, Latin America, Asia Pacific, Middle East and Australia. That, in combination with the Lockton Global partnership of which SATIB is now a member, Lockton serves clients around the world.

Lockton serves more than 15 000 clients worldwide. They have an extremely impressive 95% client retention and are the largest independently owned broker in the world with $16+ billion in premium being placed and $915 million in revenues.

SATIB share Lockton’s ideal for specialist attention and have taken the approach in developing skilled teams dedicated to each of their six business units to ensure that they retain the highest level of focus and expertise required by a particular business or client. Their six business units include Tourism and Leisure, Wildlife, Life and Investment, Commercial and Industrial, Domestic and Sport.

SATIB has become recognised throughout Africa as a symbol of quality in risk transfer programmes, with A+ rated security, prompt claims settlement and efficient, personal service. In addition, SATIB provides clients with unique benefits such as the SATIB24 Crisis Call facility, risk surveys, property valuations and access to capacity building and legal assistance. SATIB is responsible for the insurance placement of assets cover of over R20 billion and are also very proud to have retained their level 3 BBEEE status in South Africa.

“We are very proud to be chosen and trusted by such an esteemed organisation such as Lockton Global,” says Gavin Courtenay, Managing Director of SATIB Insurance Brokers. “They are an extremely successful company and we look forward to a thriving partnership.”

“The growth and development of the Lockton Global partnership is important to our clients and our business,” said Michael Goudime of Lockton Global. “We see great connections with SATIB, we both being independent and family owned businesses with a strong client focus. In addition, Southern Africa is an area of growth for our clients especially in the energy, mining, hospitality and leisure sectors.”

For more information contact Gavin Courtenay on: +27 31 564 4200 or email: [email protected]

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