AssuredPartners Inc. said on Friday that they have acquired Scotland's broker Borland Insurance Ltd.
The terms of the transaction, which have been approved by the Authority and will end on February 1, were not disclosed.
Borland's 30 employees will all remain with the company under the leadership of Borland's CEO John Silcock, the statement says.
Borland has offices in Edinburgh, Aberdeenshire, Fife and Colchester and offers commercial coverage for business risks, ranging from real estate exposures to general liability / compensation to workers, contractors all risks and professional liability.
AssuredPartners said the deal was increasing its growing footprint in the UK retail sector following acquisitions in Birmingham and Chester, adding that it also recently announced the opening of an office in Belgium.
David Heathfield, CEO of AssuredPartners in the UK, said in the statement that the broker is "delighted to establish a presence in Scotland."
Lake Mary, Florida-based AssuredPartners is the 1