Insurance broker Bruce Stevenson has reported an increase in its trading income from £600,000 to £8.7m.
The firm also reported an increase in its gross written premiums (GWP) at £44m. The GWP and income had both increased by 7%, the group claims.
Headquartered in Edinburgh, with offices in Glasgow, the Scottish Borders and Turriff, Bruce Stevenson, provides insurance broking and risk management services.
It was acquired by UK and Ireland insurance group Aston Lark in March 2021 and has since operated as an independent brand and separate legal entity.
The firm is currently in talks to recruit senior level recruits and hopes for more in the coming year adding to an existing headcount of 110.
Last month, Aston Lark’s Glasgow office merged with Bruce Stevenson’s Glasgow team - with 12 staff moving over to Bruce Stevenson. The Aston Lark Glasgow office recorded approximately £5m of GWP and £1m of income in 2021.
The firm is also actively speaking to a number of independent brokers about potential acquisitions.
Bruce Stevenson, chief executive Edward Bruce said: “Our new ownership gives us more firepower to drive growth by acquisition over the next twelve months and beyond.
"The continued growth of the business has enabled us to make some exciting promotions from within the business with more anticipated in the coming months.”
Peter Blanc, Aston Lark Group chief executive, said: “”e are excited by the further growth opportunities that they have, both organically in their specialisms but also as they seek to acquire like minded-brokers in the Scottish market.”
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