Riyadh – Sharikat Mubasher: Lockton, the world’s largest privately held independent insurance broker, has announced its expansion into Saudi Arabia, marking a significant step in its Middle East growth strategy.

As per an official press release, the company’s new Saudi Arabia Direct operation launches with a team of 20 insurance and risk specialists, aimed at providing locally tailored solutions backed by global expertise.

As part of the expansion, Mohammad Al Abdul Jabbar has been appointed CEO of Lockton’s Saudi operations.

Faris Khatib, CEO of Lockton MENA, said the Saudi market is central to the firm’s regional ambitions, highlighting Al Abdul Jabbar’s combination of broking and underwriting expertise as key to the company’s success in the Kingdom.

Chris Brown, CEO of Lockton International, added that the expansion reflects the firm’s strategy of being close to clients in dynamic economies and its long-term commitment to Saudi Arabia’s growing business landscape.