Lockton has agreed to acquire Benefits Communication Insourcing (BCI), a company that specialises in managing benefit communication and enrolment for its client’s HR departments.  

The financial details of the transaction remain undisclosed. 

BCI’s operations are focused on enhancing the experience of employees by recruiting and training specialists in communication and administration. 

BCI president Ryan Grady said: “We are thrilled to become part of the Lockton family. This partnership will result in better access to resources and enhanced capabilities that will benefit clients tremendously. Together, we are poised to continue to raise the bar in employee experiences and benefits.”  

 The integration of BCI into Lockton’s operations is expected to maintain continuity of service for existing BCI clients while transferring full ownership to Lockton shareholders.  

Lockton and BCI have a history of collaboration, previously entering into an ownership agreement with the goal of developing solutions to support organisational effectiveness and employee wellness. 

The deal is contingent upon receiving regulatory approvals, with an anticipated completion before year’s end. 

Lockton US president Tim Ryan stated: “This acquisition is foundational to the exceptional employee experiences we strive to design for our clients. It further positions us to deliver even greater value and to empower organisations in ways that drive meaningful results.”  

Lockton reported global revenue of $4bn for the fiscal year ending 30 April 2025, which represents 13% growth from the previous year.  

The company’s revenue in the US market was $2.7bn, an 11% increase.  

Furthermore, Lockton Re, the reinsurance arm of the company, experienced a 29% surge in revenue compared to the previous year.