Global insurance and risk management company Lockton has officially launched its employee benefits business in the UK.
Earlier in January, an agreement was made to transfer the Hymans Robertson risk-broking team to Lockton Benefits UK, under which a small number of Hymans Robertson staff will be Tupe (transfer of undertakings (protection of employment)) transferred to Lockton.
According to a statement from Hymans Robertson: “The combination of Lockton’s commercial insurance and risk expertise allied with Hymans Robertson’s pensions and benefits consulting capability will provide the platform to support further developments for the benefit of their mutual [employer] clients.”
The head of employee benefits at Lockton UK is Mike Tyler (pictured). Tyler was previously managing director of the UK division of global benefits business Buck Consulting.
Chris Noon, partner at Hymans Robertson, says: “Lockton’s larger scale in the risk-broking market means that our [employer] clients will have greater access to a wide range of risk and healthcare services.”
Later in 2013, Lockton Benefits UK, in collaboration with Lockton Benefits Asia, will launch a flexible benefits plan called Bluesky.