Lockton Companies, the world’s largest privately held insurance brokerage and consulting firm, has acquired Benefits Communication Insourcing (BCI). The move reinforces Lockton’s commitment to delivering tailored employee experience solutions and advanced benefits strategies to its clients.
The acquisition transfers full ownership of BCI to Lockton shareholders while ensuring uninterrupted service for clients. Lockton and BCI had already shared ownership, driven by common values and a shared vision for empowering organizations and improving employee well-being.
Strengthening Employee Experience and Benefits Solutions
With BCI now fully under its ownership, Lockton gains stronger capabilities to design and implement innovative employee benefits strategies. Clients will benefit from:
- Enhanced tools and resources to elevate workforce experiences
- Expanded capabilities for integrated benefits solutions
- Greater access to advanced systems and industry expertise
“This acquisition is foundational to the exceptional employee experience we aim to deliver,” said Tim Ryan, U.S. President at Lockton. “It positions us to bring greater value and empower organizations with strategies that achieve measurable results.”
Ryan Grady, President of BCI, added, “We are excited to join the Lockton family. This partnership provides improved resources and enhanced capabilities, benefiting clients significantly. Together, we will raise the bar in employee experiences and benefits.”
Terms of the deal remain undisclosed. The transaction is expected to close before year-end, subject to regulatory approvals and standard conditions.
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News Source:Prnewswire.com
