Moreland Insurance Brokers is now part of Greenwood Insurances, with the Scottish firms aiming to implement an ambitious and focused development strategy in the medium to long term.
Announcing the completed merger, Greenwood Insurances said they came together in a move to strengthen their proposition to all stakeholders including customers, staff, and insurer partners.
Andrew Weir, Greenwood Insurances Director, explained that the ethos, values, and business profile of each firm are an excellent fit and should allow them to capitalise on their strengths.
“This new chapter will see us become a leading independent insurance broker in Scotland and will strengthen our proposition in key sectors including Scottish SMEs/small corporate businesses and charities/not for profits across the UK,” he said.
The two groups share many insurer relationships and operate in similar geographic and commercial market sectors. As a result of the merger, ‘Moreland Insurance Brokers’ became a trading style of Greenwood Insurance Consultants Limited.
Greenwoods is now the sole regulated entity, while all staff will continue in their existing roles.
The deal price was not disclosed.
