Lockton Companies

We’re the world's largest privately held insurance brokerage firm, providing insurance, risk management, employee benefits and retirement services.
Hidden mission statement
http://www.locktoninternational.com

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Best Company to work for in the UK
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A total focus on client success drives client loyalty and fuels sustained growth at Lockton, the world's largest privately owned, independent insurance broker and consultant.

As a global professional services firm, it specialises in risk management, employee benefits and retirement services.

Lockton helps clients protect their most valuable assets: their people, property and reputations. The firm started in 1966 with just one associate, Jack Lockton. He worked hard to convince prospective clients to move their business from larger brokers to his.

As a small start-up, that was never easy, so when Lockton won a client, it did whatever it took to keep them. That spirit is ingrained in the culture at the firm today.

Lockton has a set of 13 philosophies that centres on doing the best things for its clients, associates (employees) and communities. The senior management team demonstrate their commitment in the way that they work every day.

In 2019, Lockton grew organically by 10%. Its client retention rate exceeded 96 per cent, which is well above the industry average of 85%. Global revenue was $1.72 billion, with more than 7,500 associates across 95 offices, providing services for more than 52,000 clients.

Featured Workplace Factors

My Company

91% of staff agreed

My work is an important part of my life

Lockton launched Facebook Workplace during the pandemic. It provides a global and transparent view of everything happening at the firm, allows associates to share knowledge and collaborate, and offers real-time communication between colleagues. Groups include Parents at Lockton and UK Choir.

Fair Deal

56% of staff agreed

I am happy with the pay and benefits I receive in this job

The benefits system offers associates the chance to top-up life assurance, take up life cover for a spouse or critical-illness cover. It also offers a cycle-to-work scheme, health screening, dental insurance, a virtual GP, gym membership, charity giving, CO2 offsetting and financial wellbeing information.

Giving Something Back

95% of staff agreed

My organisation encourages charitable activities

Early on in the pandemic, the Lockton Cares campaign was set up to raise funds globally for charities and organisations fighting the virus or supporting those impacted by the virus. In the UK, associates raised more than £70,000 through various activities, including virtual quizzes, baking competitions and direct donations.

Quick Facts

Organisation established in
1966
Total number of employees
11
Number of UK locations
41
Employee average age
61% : 39%
Male : Female employee ratio
70%
Employees earning £35k+
14%
Employee turnover (voluntary)

Benefits

Long Service

Companies where at least 40% of the staff have worked there for more than five years.

Maternity

Companies offering at least 10 weeks’ full pay or generous alternative.

Pensions

Companies offering a final salary scheme to all employees, or one in which the employer's contribution is at least 5%.

Private Healthcare

Companies offering private health insurance to all employees.

List Positions

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Best Companies to work for in the UK
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Best Companies to work for in the UK
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London
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London
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Best Mid Sized Companies to work for in London
London
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Best Mid Sized Companies to work for in London
London
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London
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The Midlands
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