Lockton to acquire Italian P&I broker PL Ferrari

Posted On: Feb. 16, 2016 12:00 AM CST

U.S.-based insurance brokerage firm Lockton Inc. has announced the acquisition of Italian protection and indemnity broker PL Ferrari & Co. S.R.L., Splash 24/7 reported.

"PL Ferrari has a fabulous reputation, and we are delighted that the chief executive Federico Deodato, his fellow directors and shareholders have agreed to join Lockton," said Lockton CEO Mike Hammond. "Their addition to our existing teams in Asia, London, Middle East, North Africa, and the United States, gives our clients access to the very best global risk advice.”