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.

Websites

Topics