Lockton has become the majority shareholder of Malaysian insurance brokerage Lockton Sime Insurance Brokers, signalling a shift in the firm's ownership structure, according to a press release issued on 15 January.
Formerly known as Sime Darby Lockton Insurance Brokers, the company officially changed its name to Lockton Sime Insurance Brokers on 31 December 2025 following the completion of the shareholding transition.
Lockton, which has held a minority stake in the business since 2007, has now assumed majority ownership. The group said the move strengthens Lockton’s footprint in Malaysia while enhancing its ability to leverage global expertise and resources for local clients.
Despite the change, Sime remains a minority shareholder, ensuring continuity within the organisation.
Commenting on the development, Lockton Asia CEO Tony Hardy said Malaysia remains a key market for the group in the region.
“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,” Mr Hardy said. “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.”