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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 ready to bolster Howden’s development throughout the UK market and improve its excessive avenue presence considerably.
Laurie Ross was based in 1973 and has seven branches within the Glasgow space. By way of the most recent buy, Howden will convey experience in key insurance coverage areas akin to automotive, residence, taxi, van and enterprise insurance coverage.
Moreover, the acquisition of Laurie Ross will enhance excessive avenue 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 increase its excessive avenue 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 targeted on the bloodstock market.
Based in 2020, Silks Insurance coverage supplies a set of equine trade options akin to insurance policies for numerous courses of horses.
Howden additionally expanded its presence in Norway by means of the buy of Oslo-based insurance coverage middleman Arctic Insurance coverage earlier this month.
Arctic Insurance coverage supplies a variety of options akin to property and casualty, pensions, worker advantages, monetary strains and specialty.
Howden Shopper and Native Industrial CEO Kelly Ogley stated: “Laurie Ross is a unbelievable enterprise and, culturally, it’s a good match as we’re each dedicated to offering a neighborhood suggested service that delights our purchasers, 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 group to the Howden household.”
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