Lockton Expands Services with Acquisition of BCI for Clients
Lockton Strengthens Employee Experience Through BCI Acquisition
The move to full ownership strengthens capabilities in designing effective employee experiences for clients.
Lockton Companies, the world's largest privately held insurance brokerage and consulting firm, has made a significant step by acquiring Benefits Communication Insourcing (BCI). This strategic acquisition reinforces Lockton's commitment to delivering tailored employee experiences and effective benefits strategies that evolve with market needs.
Enhancing Client Offerings with BCI
With BCI now under complete Lockton ownership, the focus remains on maintaining excellent service and ensuring continuity for clients. The initial shared ownership had already laid a strong foundation, showcasing mutual values and a commitment to creating customized solutions that empower organizations and enhance employee wellbeing.
Innovative Strategies for the Modern Workforce
This acquisition significantly expands Lockton's capabilities in developing effective employee benefits strategies. Clients can now anticipate several improvements:
Enhanced resources and tools designed to improve overall workforce experiences.
Expansion of abilities to create integrated and effective benefits solutions tailored to individual organizational needs.
Greater access to the latest systems and expert knowledge in the field of employee benefits.
Statements from Leadership
Tim Ryan, the U.S. President at Lockton, expressed that "This acquisition is foundational to the exceptional employee experiences we strive to design for our clients. It further positions us to deliver even greater value and empower organizations to achieve meaningful results."
A Word from BCI's President
Ryan Grady, President of BCI, stated, "We are thrilled to become part of the Lockton family. This partnership will result in better access to resources and enhanced capabilities that will tremendously benefit clients. Together, we are positioned to continue to raise the standards in employee experiences and benefits."
Looking Ahead
While the terms of the deal remain undisclosed, the acquisition is subject to regulatory approval and is expected to close before the end of the year. Lockton Companies aims to make the transition smooth, ensuring clients experience little disruption and continued service excellence.
About Lockton Companies
Lockton differentiates itself through its independence, empowering over 13,100 Associates operating in more than 155 countries to focus exclusively on their clients' risk and insurance needs. Their global expertise allows them to provide exceptional results by understanding the complexities of the marketplace.
Frequently Asked Questions
What is the recent acquisition by Lockton Companies?
Lockton Companies has acquired Benefits Communication Insourcing (BCI) to enhance its employee experience services.
How will the acquisition impact Lockton's clients?
Clients will benefit from enhanced resources, improved strategies for employee benefits, and better access to expertise in the field.
Who are the key figures involved in the acquisition?
Tim Ryan, U.S. President at Lockton, and Ryan Grady, President of BCI, have both commented on the positive implications of the partnership.
What is Lockton's approach to employee benefits?
Lockton aims to provide tailored employee benefits strategies that align with the unique needs of each organization.
When is the acquisition expected to close?
The acquisition is expected to close before the end of the year, pending regulatory approvals.
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