Broker Network Partner, Boyd & Company, has acquired Glenavon Insurance, a former Broker Network Premier Member and fellow independent Scottish broker.
Established in 2009, Edinburgh-based Glenavon Insurance is an independent broker focusing on commercial and personal lines business within the SME sector. The brokerage, which manages almost £3m GWP, employs seven people and provides services to the Scottish market. The Glenavon offices will be retained and the Directors, Kenny Whitton and Clive Hurn will remain as Account Directors.
This is Boyd’s second acquisition since becoming a Broker Network Partner in May 2017, following the purchase of Insureness in May 2018. The opening of a new office in the Lanarkshire area means the business now operates four offices across the central belt of Scotland managing approximately £20m GWP.
Commenting on the partnership, Eric Richardson, Boyd’s Managing Director, said: “I have known Kenny and Clive for a number of years and have watched them successfully grow and develop their business. Boyd & Company and Glenavon Insurance are aligned in numerous ways and I’m extremely excited to announce this development and look forward to delivering increased value to our clients via a strengthened team.”
Established over 40 years ago and based in Paisley, Boyd Insurance is now seen as one of Scotland’s premier brokerages, delivering a comprehensive portfolio of insurance and risk management services to businesses across a range of industry sectors. The business has grown dynamically, now employing 42 people and managing approximately £20m GWP.
Broker Network Partners provides a compelling exit route for Network members and other selected compatible regional independent brokers.