Broker to use new MGA for underwriting

Insurance broker Lockton is planning to transfer all its broking operations to a new company, Lockton Companies LLP, and start underwriting through its recently-established managing general agency, Insurance Times reveals this week.

According to Companies House filings, Lockton’s principal broking subsidiary, Lockton Companies International, will become a holding company following the transfer and so will no longer trade.

Lockton UK Limited, the holding company for Lockton’s UK broking interests, established a managing general agency, Northwood MGA, on April 7, which it plans to use for underwriting activities.

Cilck here to read the full story in this week's issue of Insurance Times.