US-headquartered Lockton, the world’s largest privately owned global insurance broker, has officially announced the takeover of PL Ferrari & Co, leading P&I broker.
Mike Hammond, CEO of Lockton, said: “Our acquisition of PL Ferrari & Co demonstrates our commitment to build an industry leading practice in the global Protection and Indemnity Insurance and the wider marine market. PL Ferrari has a fabulous reputation, and we are delighted that the Ceo Federico Deodato, his fellow directors and shareholders have agreed to join Lockton. Their addition to our existing teams in Asia, London, Middle East, North Africa, and the USA, gives our clients access to the very best global risk advice.”
Headquartered in Genoa, Italy, PL Ferrari & Co is the world’s leading specialist Marine Protection and Indemnity Insurance broker. Ferrari also has offices in Ferrara and Naples, Athens, Monaco and London.
PL Ferrari’s CCEO, Federico Deodato (pictured), added: “We are hugely excited to join Lockton. This provides perfect synergies for both companies and allows us to maintain and grow our business and our people for the benefit of our existing and future clients.”
