Lockton, Germany’s Funk Group Extend Service Pact

Two large privately-held and independent insurance brokers, U.S.-based Lockton and Germany’s Funk Group, said they will expand their risk management service alliance.

Through the alliance, Funk will provide risk management support for Lockton clients in Germany, Switzerland, Austria and some Eastern European countries. Lockton will provide risk management advisory services for Funk clients in various other countries around the world.

The firms said the agreement extends a 15-year relationship on client service, providing mutual clients with risk management consulting, insurance brokerage, and loss prevention services.

The Funk Group is the largest independent insurance broker and risk consultant in Germany and one of the top ranked in Continental Europe. Founded in 1879 in Berlin, the company today has 900 employees in 33 offices in Europe.

Lockton serves more than 15,000 clients around the world. Based in Kansas City, Missouri, Lockton is ranked as the country’s largest privately-held independent insurance agency in the Insurance Journal Top 100.