14 April 2016 Insurance

Lockton continues growth with new Morocco office

Independent broker Lockton has opened a new Morocco office, based in Casablanca Finance City, an economic hub for the region.

Lockton's Middle East operations serve clients in the marine, aviation, energy, power, hospitality, construction, and other industries with risk management, insurance, and employee benefits consulting services.

Salah El Kadiri will lead the Lockton operation in Morocco and West Africa, supporting regional and multinational clients with operations in the region. He has been an executive director in Lockton's Middle East and North Africa operations in Dubai for the past seven years.

Lockton's Morocco operations officially opened at a launch party in Casablanca attended by senior market executives, clients and members of Lockton's executive management including Wael Khatib, Middle East and North Africa chairman, John Lumelleau, Lockton president and Glenn Spencer, chief executive officer (CEO) and chief operating officer of the broker.

Lockton will continue its expansion plans in countries across the MENA region. Lockton currently has operations in Dubai, Abu Dhabi, and Jordan.

"Clients across the region value the unique expertise and experience that we offer, said Lumelleau.

He added: "This expansion in Casablanca is an exciting opportunity for the entire Lockton organisation."

Khatib said: "The new Casablanca operation is part of Lockton's continued efforts to enhance our regional capabilities for clients. We are committed to personalised engagement and the drive to see our clients succeed.

"Salah El Kadiri started his career in Casablanca and is a well-known and respected professional in Morocco and the international market. I look forward to continue working with him and his team who I am confident will create a positive impact on the clients we serve."

Saïd Ibrahimi, CEO of Casablanca Finance City (CFC) Authority, said: "We are proud to welcome in CFC the world's largest privately owned, independent insurance brokerage firm. Lockton is the first international Lloyd's broker to join our business ecosystem, reinforcing CFC's positioning as a Pan-African reinsurance hub."

El Kadiri commented: "It is a privilege to be part of the Lockton team and witness the rapid growth the business has achieved in the region.  I look forward to serving our Lockton Casablanca clients and building on the remarkable track record for clients in the region."

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