Howden, a UK-based insurance coverage firm, has acquired Scottish private and business strains dealer Laurie Ross.
Monetary phrases of the transaction weren’t revealed.
This deal is about to bolster Howden’s progress throughout the UK market and improve its excessive road presence considerably.
Laurie Ross was based in 1973 and has seven branches within the Glasgow space. By the most recent buy, Howden will convey experience in key insurance coverage areas resembling automobile, dwelling, taxi, van and enterprise insurance coverage.
Moreover, the acquisition of Laurie Ross will improve excessive road branches of Howden to a complete of 117, marking a considerable presence throughout the UK with greater than 200 centres.
This acquisition additionally aligns with the corporate’s technique to broaden its excessive road operations in addition to facilitating the expansion of Howden UK & Eire in Scotland.
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Earlier within the month, Howden was within the information for its acquisition of Australia’s Silks Insurance coverage, which is concentrated on the bloodstock market.
Based in 2020, Silks Insurance coverage gives a set of equine business options resembling insurance policies for numerous courses of horses.
Howden additionally expanded its presence in Norway by the buy of Oslo-based insurance coverage middleman Arctic Insurance coverage earlier this month.
Arctic Insurance coverage gives a spread of options resembling property and casualty, pensions, worker advantages, monetary strains and specialty.
Howden Client and Native Industrial CEO Kelly Ogley stated: “Laurie Ross is a incredible enterprise and, culturally, it’s a excellent match as we’re each dedicated to offering an area suggested service that delights our shoppers, in addition to working with and supporting our native communities.
“We ere actually excited to welcome June Lynch, managing director of Laurie Ross, and the crew to the Howden household.”
