Lockton Sime Insurance Brokers Sdn. Bhd. (formerly Sime Darby Lockton Insurance Brokers Sdn. Bhd.) announced that Lockton is now the majority shareholder of the organisation and that the company’s official name has changed to Lockton Sime Insurance Brokers Sdn. Bhd. (Lockton Sime).
Lockton, a minority shareholder since 2007, has transitioned into a majority shareholder while Sime retains its position as a minority shareholder.
The group, in a statement, said that with Lockton, the world’s largest privately held insurance brokerage firm, taking a leading role, Lockton Sime is now strategically positioned to deliver enhanced access to global expertise, resources, and networks. This transition allows Lockton Sime to provide deeper market insights and innovative, tailored solutions to meet the unique needs of the Malaysian market.
Tony Hardy, CEO of Lockton Asia, remarked: “Malaysia is an important market for Lockton in Asia, and the shareholding transition marks a significant milestone in our journey to expand our presence in the region. By becoming the majority shareholder, we are able to bring even more of our global capabilities to the local market, ensuring that our clients and partners in Malaysia benefit from world-class expertise and innovative solutions.
