US broking group Lockton is said to have entered takeover talks with Istanbul-based Omni, as it continues its expansion drive in marine insurance.

Lockton International Holdings, a global top 10 insurance brokerage, gave a firm “no comment” in response to the market talk.

Omni chairman Aret Taciyan, who was travelling when contacted by TradeWinds, offered no further comment other than to say that there are no ongoing talks with Lockton.