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Riyadh, Saudi Arabia - Lockton, the world’s largest privately held insurance brokerage, has secured its reinsurance licence in the Kingdom of Saudi Arabia. This marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to local insurance communities and in turn, serve their clients. This expansion connects Lockton’s global wholesale and reinsurance expertise, enabling Lockton to meet insurers’ growing requirements to deliver world-class capacity and solutions tailored to the evolving risk needs across Saudi Arabia.  The reinsurance business will be led by Mohammed Al Rowais. Mohammed brings over 15 years of experience in the Saudi insurance market where he has held senior roles at leading firms and is a member of the Kingdom of Saudi Arabia’s Insurance Authority’s General Insurance and Reinsurance Subcommittee. His leadership and deep local market knowledge will be integral to building facultative and treaty capabilities in the Kingdom.  Ata Khatib, Chairman, Lockton Middle East and North Africa, said: "Our priority is delivering locally led reinsurance solutions that combine global expertise with market-specific insight and that meet the evolving needs of clients in Saudi Arabia. Mohammed’s experience and leadership will help us build the capabilities needed to offer end-to-end support, from complex facultative placements to treaty solutions, ensuring clients have access to the best advice and execution where it matters most."  Chris Brown, CEO, Lockton International, commented:  “This licence strengthens our offering and ensures we are meeting clients where they need us, in Saudi Arabia and beyond, with the combined reach of Lockton and the specialist capabilities of our Lockton Re (treaty) business. Proximity to clients is at the heart of our strategy and this expansion reflects our commitment to being there for them as their risk and insurance needs evolve.”  Keith Harrison, International CEO, Lockton Re, added:  “Treaty (reinsurance) is increasingly about innovation, bringing analytics, capital solutions and agile program design to support growth and resilience. Under Mohammed’s leadership, our Saudi platform will elevate how we deliver treaty solutions in the Kingdom, ensuring Lockton sets the standard for leadership and innovation in this critical market.”  Lockton’s Saudi reinsurance operation builds on a team of specialists, bringing deep expertise in facultative and treaty solutions to support the local insurance market across the Kingdom.  Today’s news follows Lockton’s expansion into Saudi Arabia and appointment of Mohammad Al Abdul Jabbar as CEO of Lockton’s Direct/retail business.  Notes to Editors Facultative and Treaty Offering Lockton’s reinsurance licence enables the firm to offer a comprehensive suite of facultative and treaty solutions for Saudi‑based insurers, including: Complex facultative placements across energy, construction, property, casualty, financial lines, mergers and acquisitions and cyber. Treaty programs supported by market‑leading analytics, portfolio optimisation and capital advisory. Access to Lockton’s global network and market relationships, delivered through a local team with deep Saudi experience. Building Full‑Service Capabilities in the Kingdom Lockton recently secured its retail (direct) insurance licence in Saudi Arabia. With the addition of the reinsurance licence, Lockton can now offer the full spectrum of capabilities in Saudi Arabia, underscoring the company’s commitment to investing in leadership and innovation to support clients across the country. About Lockton What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

Lockton Secures Reinsurance Licence in Saudi Arabia 

Appoints Mohammed Al Rowais as CEO for Reinsurance 

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Lockton Secures Reinsurance Licence in Saudi Arabia Appoints Mohammed Al Rowais as CEO for Reinsurance 

Lockton surpasses $4.0B in FY2025 revenue, driven by industry-leading organic growth and relentless focus on client.

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Lockton Surpasses $4B in FY2025 Revenue

Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk.   This strategic integration brings together the expertise of more than 750 talented Associates worldwide into a single platform designed to further enrich Lockton’s ability to create and deliver best-in-class client value.   The new structure supports what Lockton has always done best—go beyond traditional insurance offerings by delivering an insurance and risk management experience that brings a truly global perspective. With greater global connectivity, Lockton Professional and Executive Risk will help clients address their professional, executive, financial, and cyber risks no matter where they operate.  "In today’s complex and interconnected environment, companies and their boards require a trusted partner that sees their risk holistically," said Devin Beresheim, Executive Vice President and U.S. Head of Professional and Executive Risk at Lockton. “Lockton Professional and Executive Risk delivers tailored solutions to help corporate boards and C-suite executives proactively mitigate their most pressing risks on a global level, so they can focus on growing their business.”  “Through our globally connected team, we can ensure even broader knowledge sharing, deeper risk insights, and the ability to anticipate emerging threats with greater response and precision,” said Leo Flindall, U.K. Head of Professional and Executive Risk at Lockton. “The launch of this unified team is another milestone for Lockton, reflecting our commitment to continually improving our standard for client service.”  Lockton Professional and Executive Risk serves clients across a range of industries, delivering global insurance broking, risk advisory, and claims support for all major financial and professional insurance lines. Areas of expertise include directors and officers liability, cyber, general partnership liability, errors and omissions/professional indemnity, employment practices liability, fidelity/crime, fiduciary liability, insurance solutions for digital assets.  For more information about Lockton’s Professional and Executive Risk team and our suite of capabilities, contact your local Lockton office or visit your regional Professional and Executive Risk homepage below.  USA | UK | APAC | MENA | AUS | LATAM

Lockton, the world’s largest independent insurance brokerage, has announced today the unification of its U.S.-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice: Lockton Professional and Executive Risk. 

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Lockton Secures Reinsurance Licence in Saudi Arabia Appoints Mohammed Al Rowais as CEO for Reinsurance

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