Sime Darby Berhad
Sime Darby Berhad, a global trading and logistics player has a 60% stake in Sime Darby Lockton Insurance Brokers Sdn Bhd, via its subsidiary, Sime Darby Allied Products Berhad. Sime Darby Berhad partners with some of the world's best brands to deliver quality products and services to customers in the industrial, motors and logistics sectors, as well as the healthcare, insurance and retail segments.
Founded in 1910, Sime Darby Berhad today has a workforce of over 20,000 employees in 18 countries and territories across the Asia Pacific region. It is committed to delivering a sustainable future for all its stakeholders.
Lockton Overseas Limited owns a 40% stake in Sime Darby Lockton Insurance Brokers Sdn Bhd. Founded by Jack Lockton in Kansas City, Missouri in 1966, Lockton is now the world's largest privately owned global insurance broker. In the fiscal year of 2015, the company posted USD 1 billion in revenues where it held a formidably high client retention rate of 95% (industry average is 85%) in the US. The company has over 3700 risk professionals worldwide and provides financial and risk services to small, medium and large businesses and individual clients.
Lockton specialises in property and casualty, employee benefits, surety, design and construction, real estate, retail, food service, transportation, healthcare, professional indemnity, financial services, energy, marine, aviation, reinsurance, affinity programme, technology, hospitality, manufacturing, food processing and distribution, and a wide range of other financial and risk products and services.
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