May 2022

Broker Lockton buys Turkish marine insurer

US insurance broker Lockton has completed the full acquisition of Turkish family-owned protection and indemnity and hull and machinery broker Omni Sigorta.

Lockton first acquired 50% in the Istanbul-based company in 2018 as part of a growth drive in the marine sector following itsearlier takeover of Italy’s PL Ferrari.

Lockton puts mega claims trend into perspective

It has also recently acquired Norwegian brokerage theEdge Group last year.

Omni was founded in the 1970s by Captain Emre Omur as family broking business Omur Limited and merged with Turkish Marine broker Sun Sigorta in 1993.

After teaming up with Marsh between 2004 – 2006 theOmni Group was re-established in 2007.

Omni purchased the marine book of GTG in 2020 in partnership with Lockton.

Article continues below the advert

Lockton says it has seen annual average organic marine growth of 15.5% between 2019 and 2022.

By investing in leading marine expertise around the world, and connecting it into a global industry platform, we continue to enable the delivery of bespoke local service levels alongside global advisory and placement capabilities,

said Lockton global head of marine & transportation Alistair Rivers.

Flexibility and agility

Omni’s Gurhan Kulle said:

Like Omni, Lockton is an independent family business, accountable to itself and its clients. We are excited to become a formal part of a global marine risk practice with theflexibility and agility that comes from our leadership’s daily involvement in thebusiness.