Lockton International chairman Mike Hammond relates a conversation he had with David Lockton, chairman of the parent Lockton Companies group, when he joined from Marsh a decade ago.

Hammond had been used to thinking in terms of the performance over the last quarter and found his new boss also had a quarterly perspective.

The difference was that it was not three months but a quarter of a century!

Hammond attributes the long view to Lockton being a family owned company, which, at 50 years old, is still run by the founding generation.

“If