Towergate Partnership today announces the acquisition of Scottish insurance broking firm, Moray Firth Insurance Brokers Limited. Under the deal, all 12 staff and Directors have made the move to Towergate. The team will continue to be led by Managing Director, Duncan Scott.
The acquisition further strengthens Towergate’s position in Scotland where it already has broking offices based in Glasgow, Aberdeen, Kirkcaldy, Berwick, Jedburgh and Galashiels. Moray Firth’s offices in Inverness and Elgin will now join forces with Towergate to further enhance a strong regional broking capability and extend its geographical coverage into Morayshire, Speyside and the Highlands.
Moray Firth Insurance Brokers Limited controls premiums of circa £3.5m with a strong and well established commercial and retail client base.
Alan McEwan, Towergate’s Regional Managing Director said, “Duncan and his team at Moray Firth are a great addition to our expanding business in Scotland, where our focus is on further strategic acquisitions and strong organic growth to ensure we continue to build a significant presence in Scotland.”
