Lockton completes acquisition of leading Turkish insurance broker

Broker Lockton International has completed its acquisition of leading Turkish Protection & Indemnity (P&I) and Marine insurance broker Omni Sigorta. The deal concluded an existing partnership arrangement that had been in operation since December 2018, when Lockton acquired a 50% stake.

Lockton noted that Omni’s organic growth had averaged 15.5% over Lockton’s fiscal years 2019 to 2021.