Lockton, the world's largest privately held independent insurance broker, has announced its expansion into the Kingdom of Saudi Arabia, further strengthening its presence across the Middle East. This move is part of Lockton's broader international strategy to ensure proximity to clients and deliver tailored insurance solutions in high-growth markets.
Across its global footprint, Lockton has strategically expanded operations to meet the evolving needs of clients in key regions. The Middle East is a cornerstone of this strategy, with the firm continuing to invest in local leadership, capabilities and technology to support businesses navigating evolving risk environments.
The decision to enter Saudi Arabia reflects the Kingdom’s growing role as a regional economic powerhouse. With increasing demand for insurance and risk advisory services across industries such as construction, energy, healthcare and financial services, Lockton’s presence will offer clients enhanced access to global expertise, delivered through a local lens.
Lockton’s Saudi Arabia Direct operation launches with a team of 20 specialists and insurance and risk advisors, ensuring clients will benefit from both global best practice and local market understanding.
Mr Faris Khatib, CEO Lockton - Middle East and North Africa, said, “Saudi Arabia is a critical market for Lockton and our expansion here reflects our long-term commitment to the region and our clients.”