Lockton, the world’s largest privately held independent insurance broker, has announced its expansion into the Kingdom of Saudi Arabia, further strengthening its presence across the Middle East. This move is part of Lockton’s broader international strategy to ensure proximity to clients and deliver tailored insurance solutions in high-growth markets.
Across its global footprint, Lockton has strategically expanded operations to meet the evolving needs of clients in key regions. The Middle East is a cornerstone of this strategy, with the firm continuing to invest in local leadership, capabilities and technology to support businesses navigating evolving risk environments.
The decision to enter Saudi Arabia reflects the Kingdom’s growing role as a regional economic powerhouse. With increasing demand for insurance and risk advisory services across industries such as construction, energy, healthcare and financial services, Lockton’s presence will offer clients enhanced access to global expertise, delivered through a local lens.
Lockton’s Saudi Arabia Direct operation launches with a team of 20 specialists and insurance and risk advisors, ensuring clients will benefit from both global best practice and local market understanding.
As part of this expansion, Mohammad Al Abdul Jabbar has been appointed as CEO for their direct operations in Saudi Arabia. A seasoned insurance executive, Mohammad brings more than two decades of experience across both insurance broking and underwriting, having held senior leadership roles at leading insurance brokers as well as local insurers.
His career spans the full spectrum of the insurance value chain, from underwriting commercial lines and Takaful, to leading regional business development and managing complex insurance and risk portfolios for multinational clients. Mohammad also serves as Vice Chairman of the Executive Committee of the General Committee of Insurance & Reinsurance Brokers in Saudi Arabia, reflecting his deep industry involvement and commitment to advancing the sector.
Faris Khatib, CEO Lockton - Middle East and North Africa, commented: “Saudi Arabia is a critical market for Lockton and our expansion here reflects our long-term commitment to the region and our clients. 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 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.”
About Lockton
What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com. (opens a new window)
