Expansion in the hull market is a key objective of the Lockton insurance broking group as it moves deeper into the marine market.

Recruitment to complement Lockton’s newfound but strong presence in the protection-and-indemnity (P&I) market is already underway, as the world’s 10th-biggest insurance broker aims to build a broader marine market business.

With the acquisition of top P&I broker PL Ferrari and a strategic partnership with LCH, the Lockton group has notable strength in the Mediterranean and Singapore marine markets.

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