Central Insurance Celebrates New Business

Central Insurance, Scotland's biggest independent insurance broker, with offices in Glasgow's IFSD has secured more than £4.2 million of gross written premiums and added 100 new clients since October 2011.  

The figures highlight that the business - which acquired Castle Cairn Insurance Brokers in a deal worth £2.3 million in December 2011 - has exceeded last year's performance by £500,000, when the company brought in £3.7 million in gross written premiums across its Glasgow and Aberdeen offices.

Founded in Aberdeen in 1973, Central traditionally serviced the oil and gas industries, and set up its £1.2million Glasgow base in January 2010 to target sectors including charities, commercial property, construction, forestry and timber, tourism and life sciences.  The firm's latest takeover of Castle Cairn has also given it a strong presence in the central belt as it looks to build its commercial insurance and high net worth insurance offering for private clients.

Iain Henry, managing director of Central, said:  "We have invested more than £6 million in the last two and a half years strengthening all aspects of our business - a decision which has been rewarded by the continuous increase in new clients.

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