Clark Thomson Insurance Brokers (CTIB) has announced the completion of contracts to acquire the Scottish Commercial Business Unit of Willis Ltd, the principal UK regulated entity of global risk adviser, insurance and reinsurance broker Willis Group Holdings (NYSE: WSH).
CTIB is Scotland’s largest independent insurance broker and the newly expanded business will now increase to eleven branches across Scotland, employing over 200 staff.
The expansion will see 24 new staff join CTIB at locations in Glasgow and Dundee as the company looks to expand into central Scotland.
Ben Bailey, Managing Director of CTIB, said: “This is a very important acquisition for us. The strength of our expanded business, allied to our client-focussed business model, will further enhance our commitment to clients and staff alike and having a new branch presence in Glasgow gives us a fantastic opportunity to grow further in Glasgow and right across Scotland’s Central Belt.
“The new staff involved are entirely complementary to our existing business, bringing with them a wealth of experience. All existing jobs will be retained and we hope to recruit further to maximise the value of the opportunities presented and to boost future growth.”