US indie shows intent with Alexander Forbes purchase
Alexander Forbes Risk Services has been bought by US family-run independent broker Lockton, the elev...
Alexander Forbes Risk Services has been bought by US family-run independent broker Lockton, the eleventh largest broker in the US, for £90.2m.
At a press conference in London on 21 August, David Lockton, chairman of Lockton, said: "This is a once-in-a-lifetime chance to expand our footprint across the globe."
Stewart McCulloch, chief executive of AFRS, in a confident mood, could not resist a jibe at his rivals commenting: "We are probably the only broker in London without a 'For Sale' sign at the
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