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Cybersecurity in the wake of a new wave of risks AI-powered attacks. Escalating geopolitical tensions. Growing privacy liabilities. Increasing regulatory scrutiny. The forces reshaping cyber risk are multiplying. And so are the consequences for organizations that fail to keep pace. The Lockton 2026 Global Cyber Threat Report explores the trends, threats, and insurance implications defining today's cyber landscape to help you better understand the cyber threats you face, and the strategic cyber risk management decisions you should prioritize. The key points in our 2026 global cyber threat report include: How AI is changing the threat landscape for organizations of every size. How geopolitical events can quickly become cyber events. The growing legal and financial risks tied to consumer data collection. How regulatory developments are influencing both cyber resilience and insurance coverage. Explore our full report here.

AI is reshaping cybersecurity risk in 2026. Learn how emerging threats, regulation, and insurer responses are changing how businesses protect against cyber attacks.

Conceptual image of Earth with data streams and digital overlays, ideal for themes involving artificial intelligence, big data, and global tech innovation.
(World Map Courtesy of NASA: https://visibleearth.nasa.gov/view.php?id=55167)

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Global cyber threat report: 2026

Lockton, the world’s largest privately held, independent insurance brokerage, today reported strong financial results for fiscal year 2026, with global revenue increasing 12% year over year to approximately $4.5 billion, including 11% organic growth, reflecting sustained momentum across the business and continued investment in talent, technology, and global capabilities. 

This performance marks Lockton’s sixth consecutive year of double‑digit organic growth, underscoring the strength of its client relationships, diversified business model, and long‑term investment strategy.  “Fiscal year 2026 was another exceptional year for Lockton,” said Ron Lockton, chairman and chief executive officer. “Our results reflect the trust our clients place in us, the quality of our people, and the advantages of our private and independent model. Our structure allows us to invest with a long-term horizon, adapt quickly to emerging client and market needs, and continually reinvest in the capabilities, insights, and innovations that help clients navigate an increasingly complex risk environment." Resilient Performance in a Challenging Market Lockton’s results were particularly strong given market conditions during fiscal year 2026, which ended April 30. Global property rates softened as capacity improved and competition increased, while casualty lines in the U.S. continued to experience pricing pressure and elevated loss‑cost trends. Against that backdrop, Lockton’s diversified platform delivered balanced growth across regions and businesses.  Lockton International and Lockton Re each delivered approximately 15% growth.  U.S. operations delivered an eighth year of double-digit growth, despite uneven conditions across regions and product lines.  U.S. Highlights  Lockton’s U.S. business delivered another strong year, continuing a pattern of sustained momentum across the market. U.S. revenue finished just under $3 billion, up 11% year over year, marking the U.S. business’s eighth consecutive year of double-digit growth. This performance was supported by strong client retention and continued growth in key parts of the business. Backed by one of the industry’s strongest producer groups and highly collaborative service teams, Lockton achieved a 94% client revenue retention rate. The firm also continued to strengthen its U.S. platform by expanding national industry verticals and specialty practices across Risk and People Solutions. In People Solutions, revenue surpassed $1 billion for the first time, reflecting sustained demand for integrated benefits, wellbeing, and advisory services. Together, these investments concentrate expertise, improve consistency, and make advanced capabilities more accessible to clients across markets. International Highlights  Lockton’s international business also delivered a strong year, continuing to build momentum across key markets. Despite uneven conditions across regions, the business achieved 15% growth, driven in part by 27% growth from People Solutions and ongoing strength in retail and specialty lines. Lockton also continued to strengthen its international platform during the year, expanding operations in Switzerland, Saudi Arabia, and Italy while further investing in its operating model, leadership, and client service teams across Europe, Latin America, the Middle East, Asia, and the Pacific. Together, these investments reflect a deliberate strategy to be closer to clients, operate with greater local relevance, and deliver integrated expertise across borders as risk grows more global and interconnected.  Lockton Re  Lockton Re, the firm’s global reinsurance business, continued its strong trajectory, delivering meaningful growth supported by expanded client relationships, geographic expansion, and targeted people, leadership, and capability investment. The business benefited from increased demand for sophisticated advisory support as insurers navigated evolving market dynamics, capital constraints, and portfolio optimization challenges.  Lockton Re continued to build out its capital markets and capital advisory capabilities, enhance global portfolio solutions, and invest in cyber‑ and credit‑related offerings, positioning the business to support clients across a broader range of risk transfer and capital solutions. These investments reinforce Lockton Re’s role as a long‑term partner to clients amid changing reinsurance and capital markets conditions.  Technology, AI, and Innovation  Over the last year, Lockton made significant investments in data, analytics, and artificial intelligence to enhance client service, improve insight, and empower Associates across its global platform. These efforts are central to the firm’s strategy to lead through advisory expertise while reducing friction and increasing consistency in how clients are served.  At the center of this work is Lockton SAGE, a proprietary, AI‑enabled technology ecosystem designed to connect data, analytics, and expertise to deliver smarter insights, faster decisions, and greater confidence across critical business decisions. Broader deployment of the platform will begin in fiscal year 2027, with continued investment planned across digital, analytics, and data capabilities.  “Artificial intelligence will reshape every aspect of risk and insurance,” said Ron Lockton. “We see AI as an accelerator of human expertise, not a substitute for it. Our focus is on using technology to enhance judgment, insight, and the value we deliver to clients.”  Culture and Talent  Lockton’s performance continues to be underpinned by its unique culture and people. The firm employs nearly 15,000 Associates globally and is consistently recognized as an employer of choice. During fiscal year 2026, Lockton earned multiple workplace and industry accolades across the world, including Business Insurance’s Best Places to Work in Insurance, Glassdoor’s Employees’ Choice Awards, Deloitte Private and The Wall Street Journal’s U.S. Best Managed Companies, and Axco’s Global Broker of the Year, among others. 

Lockton reports $4.5B in FY2026 revenue with 12% growth and a sixth year of double-digit organic growth, driven by global expansion, AI, and advisory strength.

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Lockton Fiscal Year 2026 Revenue Increases to $4.5 Billion

Riyadh, Saudi Arabia - Lockton, the world’s largest privately held insurance brokerage, has secured its reinsurance licence in the Kingdom of Saudi Arabia. This marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to local insurance communities and in turn, serve their clients. This expansion connects Lockton’s global wholesale and reinsurance expertise, enabling Lockton to meet insurers’ growing requirements to deliver world-class capacity and solutions tailored to the evolving risk needs across Saudi Arabia.  The reinsurance business will be led by Mohammed Al Rowais. Mohammed brings over 15 years of experience in the Saudi insurance market where he has held senior roles at leading firms and is a member of the Kingdom of Saudi Arabia’s Insurance Authority’s General Insurance and Reinsurance Subcommittee. His leadership and deep local market knowledge will be integral to building facultative and treaty capabilities in the Kingdom.  Ata Khatib, Chairman, Lockton Middle East and North Africa, said: "Our priority is delivering locally led reinsurance solutions that combine global expertise with market-specific insight and that meet the evolving needs of clients in Saudi Arabia. Mohammed’s experience and leadership will help us build the capabilities needed to offer end-to-end support, from complex facultative placements to treaty solutions, ensuring clients have access to the best advice and execution where it matters most."  Chris Brown, CEO, Lockton International, commented:  “This licence strengthens our offering and ensures we are meeting clients where they need us, in Saudi Arabia and beyond, with the combined reach of Lockton and the specialist capabilities of our Lockton Re (treaty) business. Proximity to clients is at the heart of our strategy and this expansion reflects our commitment to being there for them as their risk and insurance needs evolve.”  Keith Harrison, International CEO, Lockton Re, added:  “Treaty (reinsurance) is increasingly about innovation, bringing analytics, capital solutions and agile program design to support growth and resilience. Under Mohammed’s leadership, our Saudi platform will elevate how we deliver treaty solutions in the Kingdom, ensuring Lockton sets the standard for leadership and innovation in this critical market.”  Lockton’s Saudi reinsurance operation builds on a team of specialists, bringing deep expertise in facultative and treaty solutions to support the local insurance market across the Kingdom.  Today’s news follows Lockton’s expansion into Saudi Arabia and appointment of Mohammad Al Abdul Jabbar as CEO of Lockton’s Direct/retail business.  Notes to Editors Facultative and Treaty Offering Lockton’s reinsurance licence enables the firm to offer a comprehensive suite of facultative and treaty solutions for Saudi‑based insurers, including: Complex facultative placements across energy, construction, property, casualty, financial lines, mergers and acquisitions and cyber. Treaty programs supported by market‑leading analytics, portfolio optimisation and capital advisory. Access to Lockton’s global network and market relationships, delivered through a local team with deep Saudi experience. Building Full‑Service Capabilities in the Kingdom Lockton recently secured its retail (direct) insurance licence in Saudi Arabia. With the addition of the reinsurance licence, Lockton can now offer the full spectrum of capabilities in Saudi Arabia, underscoring the company’s commitment to investing in leadership and innovation to support clients across the country. About Lockton What makes Lockton stand apart is also what makes us better: independence. Lockton’s private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

Lockton Secures Reinsurance Licence in Saudi Arabia 

Appoints Mohammed Al Rowais as CEO for Reinsurance 

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Lockton Secures Reinsurance Licence in Saudi Arabia Appoints Mohammed Al Rowais as CEO for Reinsurance 

Geopolitical 1900

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