A deal that will see Italian broker PL Ferrari & Co acquired by US insurance broking group Lockton has been finalised.
As TradeWinds was first to report, the large broker entered into the marine world with the acquisition of the famous Italian group.
Mike Hammond, chief executive of Lockton, said: “Our acquisition of PL Ferrari demonstrates our commitment to build an industry leading practice in the global protection and indemnity (P&I) insurance and the wider marine market.
“PL
