Lockton Companies, the world’s largest privately held insurance brokerage and consulting firm, has acquired Benefits Communication Insourcing (BCI). This strategic move will strengthen Lockton’s capabilities in delivering innovative employee experience and benefits solutions.

What the Acquisition Means for Clients

The acquisition of BCI reflects a natural extension of Lockton’s mission to create exceptional workplace experiences. Clients will benefit from:

• Enhanced resources and tools to improve workforce engagement

• Expanded capabilities in designing integrated employee benefits strategies

• Access to advanced systems and expertise for streamlined HR processes

Leadership Perspective

Tim Ryan, U.S. President at Lockton, described the acquisition as a pivotal step toward delivering best-in-class employee experiences. “This acquisition is foundational to the exceptional employee experiences we strive to design for our clients,” Ryan said.

Ryan Grady, President of BCI, expressed enthusiasm about the collaboration. “This partnership combines our shared values and commitment to innovation. Together, we are poised to set a higher standard in employee experiences and benefits,” he stated.

Looking Ahead

The financial terms of the deal were not disclosed. Both companies expect the acquisition to close by the end of the year, subject to regulatory approvals and customary closing conditions.

For further insights, check out the full news at: Lockton Acquires BCI to Enhance Employee Experience.