Lockton, the world’s largest privately held independent insurance brokerage, has announced its expansion into the Kingdom of Saudi Arabia, further cementing its footprint across the Middle East.
The move forms part of Lockton’s wider international strategy to remain close to clients and deliver tailored insurance solutions in high-growth markets.
The launch of Lockton’s Saudi Arabia retail operations coincides with a growing demand for insurance and risk advisory services across sectors such as construction, energy, healthcare, and financial services. The firm aims to provide clients with global expertise delivered through a local lens.
The Saudi operation will begin with a team of 20 specialists and insurance and risk advisors.
As part of the expansion, Mohammad Al Abdul Jabbar has been appointed CEO of Lockton’s retail operations in the Kingdom.
Al Abdul Jabbar brings more than two decades of experience across both insurance broking and underwriting, having held senior leadership roles at leading insurance brokers and local insurers. He also serves as vice chairman of the executive committee of the General Committee of Insurance & Reinsurance Brokers in Saudi Arabia.
“Saudi Arabia is a critical market for Lockton and our expansion here reflects our long-term commitment to the region and our clients,” said Faris Khatib, CEO of Lockton Middle East and North Africa. “Mohammad’s appointment brings a strong combination of broking and underwriting expertise, deep market knowledge and a client-first mindset. His leadership will be instrumental in building our operations and delivering value to clients across the Kingdom.”
Chris Brown, CEO of Lockton International, added: “Lockton’s growth is driven by our belief in being where our clients need us most. Expanding into Saudi Arabia allows us to support businesses in one of the world’s most dynamic economies. We are thrilled to welcome Mohammad to our leadership team; his experience and entrepreneurial spirit align perfectly with Lockton’s culture and our ambition to be the most client-focused insurance broker globally.”
Across its global footprint, Lockton has continued to expand operations strategically to meet the evolving needs of clients in key regions.
The Middle East remains a cornerstone of this approach, with the firm investing in local leadership, capabilities, and technology to help businesses navigate increasingly complex risk environments.
