Lockton Chicago's Revenue up 22%; Continues to be a Best Place to Work in Illinois
CHICAGO, June, 20 2013 /PRNewswire/ -- Lockton's Chicago office continued to expand in the fiscal year ending April 30, 2013, with double-digit revenue growth and an increase in hiring. The office was also named a Best Place to Work in Illinois for the sixth year in a row.
In its recently completed fiscal year, Lockton Chicago's revenue grew 22%, which followed growth of 17% and 19% its past two fiscal years. Additionally, the number of Lockton Chicago Associates grew in excess of 40 new hires during the last twelve months.
The Best Companies Group honored Best Places to Work in Illinois recipients at a reception on May 16th. Lockton Chicago has earned this distinction for the sixth year. Companies participate in a two-part assessment process designed to gather detailed data from both the employer and its employees. A special publication honoring and profiling all 60 companies will be available on June 24th.
Casey Warnecke, Chief Operating Officer of Lockton Chicago, attributed Lockton's success to its strong client advocacy and its emphasis on its Associates. "We have been fortunate to attract some outstanding additional talent during the past twelve months to complement the tremendous Associates that we already have on board at Lockton. Our strong new business results and industry-leading client retention of over 95% have put us in a position to make additional investments on behalf of our clients."
More than 4,900 professionals at Lockton provide 35,000 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 insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates has awarded Lockton its Service Excellence Award for risk management for large companies. For four consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance." To see the latest insights from Lockton's experts, check Lockton Market Update.