KANSAS CITY, Mo., Nov. 9, 2015 /PRNewswire/ -- For the seventh straight year, Lockton Companies has earned the "Best Places to Work in Insurance" distinction from Best Companies Group and Business Insurance magazine. Lockton is the world's largest privately held, independent insurance broker.
"To earn a streak like this, speaks to not only the culture we have built within Lockton, but our Associates' commitment to showing that our difference makes all the difference," said John Lumelleau, President and CEO of Lockton, Inc. "This impressive distinction further illustrates Lockton's unwavering focus on making our clients' businesses better while working for a great company."
Lockton is a top 10 global broker and 2015 marked the company's 49th consecutive year of revenue growth. In its recently completed fiscal year, the company generated organic growth of more than 10 percent, revenues of $1.24B, and maintained its client retention rate of 96 percent, 11 points above the industry average.
Lockton is the only top 10 global broker to ever receive the Best Places to Work in Insurance Award.
Best Companies Group evaluates brokers and insurers through a two-part survey process. One part evaluates workplace policies, practices, philosophy, systems, and demographics, worth approximately 25 percent of the score. The second part is an employee survey to measure the Associate experience, worth approximately 75 percent of the evaluation. Best Companies Group managed the overall registration and survey process, analyzed the data, and determined the final rankings for this program. For more on the award program connect with BestPlacestoWorkINS.com.
More than 5,600 professionals at Lockton provide 48,000 clients around the world with risk management, insurance, employee benefits consulting, and retirement 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 10th largest overall. For seven 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.