Lockton expands into Saudi Arabia, names Al Abdul Jabbar CEO of retail

Lockton, an independent insurance broker, has expanded its operations into the Kingdom of Saudi Arabia and appointed Mohammad Al Abdul Jabbar as Chief Executive Officer (CEO) for its retail operations in the region.

This expansion is part of the broker’s broader international strategy to strengthen its presence across the Middle East, ensuring proximity to clients and delivering tailored insurance solutions in high-growth markets.

The broker sees an opportunity given the region’s growing role as a regional economic powerhouse. There is increasing demand for insurance and risk advisory services across industries, including construction, energy, healthcare, and financial services, according to Lockton.

Lockton’s Saudi Arabia retail operation launches with a team of 20 specialists and insurance and risk advisors, ensuring clients will benefit from both global best practices and local market understanding.

Al Abdul Jabbar is a seasoned insurance executive with over two decades of experience in insurance broking and underwriting, having held senior leadership roles at leading insurance brokers and local insurers.

Throughout his career, Al Abdul Jabbar has worked across a full spectrum of the insurance value chain, from underwriting commercial lines and Takaful, to leading regional business development and managing complex insurance and risk portfolios for multinational clients.

Currently, he also serves as Vice Chairman of the Executive Committee of the General Committee of Insurance & Reinsurance Brokers in Saudi Arabia.

Faris Khatib, CEO, Lockton Middle East and North Africa, commented, “Saudi Arabia is a critical market for Lockton, and our expansion here reflects our long-term commitment to the region and our clients. Mohammad’s appointment brings a strong combination of broking and underwriting expertise, deep market knowledge and a client-first mindset. His leadership will be instrumental in building our operations and delivering value to clients across the Kingdom.”

Chris Brown, CEO, Lockton International, added, “Lockton’s growth is driven by our belief in being where our clients need us most. Expanding into Saudi Arabia allows us to support businesses in one of the world’s most dynamic economies. We are thrilled to welcome Mohammad to our leadership team; his experience and entrepreneurial spirit align perfectly with Lockton’s culture and our ambition to be the most client-focused insurance broker globally.”