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Lockton reaches $1 billion milestone

The Kansas City-based privately-owned insurance broker posted revenue of $1.02 billion for its 2013 fiscal year, which ended April 30. That's an 11 percent increase from $911 million the previous year.

"Our focus has always been about earning client loyalty and earning new business by making a difference for our clients," Lockton Chairman 
David Lockton said in a release. "We always believed that if we did that well, revenue would follow."

Lockton was founded in Kansas City in 1966 and experienced 47 straight years of revenue growth. Today, it has 4,950 associates serving more than 35,000 clients from 64 offices around the globe. It ranks 9th on Business Insurance Magazine's list of global insurance brokers and is the largest privately held insurance brokerage in the world.

So far this year, Lockton has expanded in Ft. Worth, Milwaukee, Boston, Denver and Melbourne, Australia.

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