The global insurance brokers Locton has opened a new branch in Beijing, China, following the regulatory approval from the China Insurance Regulatory Commission.
Locton said that the Beijing branch office will operate as a full-service broker, offering a wide range of specialist insurance and reinsurance services to clients as well as risk management expertise and knowledge to Chinese-based companies.
In particular, Beijing office will focus on developing professional liability, property & casualty and international insurance in and around Beijing.
Lockton Companies CEO Julian James said that this office opening is significant as it brings expertise closer to the clients.
Lockton was granted its first wholly-owned foreign enterprise insurance broking license for Lockton Companies (Shanghai) Insurance Brokers, in September 2008.