KANSAS CITY, Mo., Nov. 7, 2011 /PRNewswire/ -- Lockton has again been named a Best Place to Work in Insurance by an independent survey and analysis by Business Insurance magazine and Best Companies Group. The 2011 award is the third consecutive year Lockton has earned the award. Lockton is the only top 10 insurance broker to ever be designated a Best Place to Work in Insurance.
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Best Companies Group and Business Insurance presented the award to Lockton as the #1 ranked large insurance broker in ceremonies in New York on Nov. 1.
"Lockton is to be celebrated as part of an elite group of employers that have created high-quality workplaces that encourage people to thrive in a work environment they love," said Peter Burke, President of Best Companies Group.
"Lockton has focused on building a vibrant, entrepreneurial culture since our start," said John Lumelleau, President and CEO of Lockton, Inc. "We are honored that our Associates continue to build an environment that serves our clients and supports our communities."
Being a "Best Place to Work" supports Associates as well as clients.
"Ours is a simple equation," Lumelleau said. "Our environment helps us attract the best talent in our industry. Our talented Associates serve clients well. And clients who are well served are very loyal, helping us grow for the long term."
Lockton's client loyalty is 95%, ten points higher than the industry average. The privately held insurance broker posted organic growth of 8% in its most recently completed fiscal year, well ahead of its larger competitors.
Best Companies Group is an independent workplace excellence research firm that manages other regional and industry programs in the U.S. and Canada. It managed the registration process, conducted the surveys, evaluated the data, and selected the firms that made the cut. The process included both a confidential employee engagement and satisfaction survey which counts for 75% of the score and an employer questionnaire which counted for the remaining 25% which collected information about the company's benefit programs, policies, and practices.
About Lockton
More than 4,100 professionals at Lockton provide more than 15,000 clients around the world with insurance, benefits, and risk management services, offering an uncommon level of client service. From its founding in 1966 in Kansas City, Missouri, Lockton has grown to become the largest privately held insurance broker in the world and 9th largest overall. Independent researcher Greenwich Associates awarded Lockton its 2011 Service Excellence Award for risk management for large companies. For three consecutive years, Business Insurance has recognized Lockton as a "Best Place to Work in Insurance."
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