The Brokerbility broker will strengthen its position in Scotland with the purchase
Perth-based independent commercial broker GS Group has bought Strathtay Insurance Brokers – strengthening its presence in Tayside, Scotland.
As reported in the Daily Record, Strathtay Insurance Brokers is a family-run independent general insurance broker founded by Charles Robertson in Dundee during 1974. It provides cover for motor, home, commercial combined, tradesman, caravan and shop lines.
The deal will see Robertson’s successors – including partners Nigel, James and Hannah Robertson – move over to the GS Group. Fellow director Alison Duncan, however, will retire following the handover process.
GS Group handles approximately £30m gross written premium annually and was established by George Stubbs in August 1991. It was previously owned by Willis Network but joined Brokerbility in February 2014 as a member.
George Stubbs, GS Group’s managing director and founder said: “The GS Group started more than 30 years ago and we remain proud of our independent status. We opened our City Quay offices in Dundee nine years ago and the acquisition of such a respected firm as Strathtay Brokers will further strengthen our position in the Tayside market.
“In addition to day-to-day insurance broking, we offer risk and claims management as well as the full range of financial services products via our sister company George Stubbs Financial Services Ltd.
“We will do everything in our power to ensure the transition is as smooth as possible.”
Nigel Robertson, partner at Strathtay Insurance Brokers, joined the broker in 1980 and looks after insurance for commercial clients, including surveys and the commercial claims process.
He said: “With the partners each over 60 and having amassed 125 years’ combined service, we felt the time was right to step back and take things a bit easier, while ensuring our clients would enjoy the same quality of service they have come to expect over the years.”
Robertson added that he believed the GS Group was the “perfect fit”.
He explained that Strathtay looked at serveral ”like-minded” firms that shared its ethos and client approach and GS Group “more than matched” its expectations.