Merger strengthens Scottish insurance firms

Wed, 07 Jun 2017 | MERGER

Moreland Insurance Brokers and Greenwood Insurance have merged in a bid to implement an ambitious and focused development strategy going forward.

Announcing the move, the Scottish firms said:

“Our long-established firms are coming together in a move that aims to strengthen our proposition to all stakeholders of both firms including customers, staff and insurer partners. We already share many insurer relationships and operate in similar geographic and commercial market sectors"

Andrew Weir, Greenwood Insurances Director, explained that the ethos, values, and business profile of each firm are an excellent fit and should allow them to capitalise on their strengths.

“This new chapter will see us become a leading independent insurance broker in Scotland and will strengthen our proposition in key sectors including Scottish SMEs/small corporate businesses and charities/not for profits across the UK,” he said.

The merger is expected to take effect from 1 June 2017. Greenwoods is now the sole regulated entity, while all staff will continue in their existing roles. The deal price was not disclosed.

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