’We see this as a major growth region for our business,’ says managing director
Insurance broker TL Dallas has signed an agreement to purchase Marsh Commercial’s business in the Highlands and Islands of Scotland.
The deal will see TL Dallas acquire the firm’s teams in Elgin, Inverness and Kirkwall.
Terms of the transaction, which is expected to close in August 2024, were not disclosed.
Polly Staveley, group managing director of TL Dallas, said: “The acquisition of Marsh Commercial’s business in Elgin, Inverness and Kirkwall represents a significant milestone for TL Dallas, as we continue with our strategy to serve local businesses with local teams, whatever their size.
“We see this as a major growth region for our business.”
Expansion
TL Dallas is making the move as it looks to grow its presence in Scotland, where it already has four offices in Edinburgh, Glasgow, Falkirk and Shetland.
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Across the UK, the broker currently has a team of over 165 staff and provides a range of commercial and personal insurance services.
Speaking about the acquisition, Alistair Fraser, chief executive of commercial and corporate at Marsh, said: “I am pleased that TL Dallas, with its strong presence in Scotland’s Highlands and Islands where it serves personal customers and SMEs, will be the new custodian of our offices there.
“As the UK’s leading risk and insurance specialist serving SME clients in over 40 offices, Marsh Commercial will continue to serve SME clients in Scotland through its offices in Aberdeen, Dundee, Edinburgh, Glasgow, Oban and Perth.”
His career began in 2019, when he joined a local north London newspaper after graduating from the University of Sheffield with a first-class honours degree in journalism.
He took up the position of deputy news editor at Insurance Times in March 2023, before being promoted to his current role in May 2024.View full Profile
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