Independent insurance brokerage and risk management firm TL Dallas is snapping up Marsh Commercial’s operations in the Highlands and Islands of Scotland. The transaction, financial terms of which were not disclosed, is anticipated to be completed in August.
A fourth-generation family business, TL Dallas is owned by its staff and leadership team. With over a century in operation, it stands among the UK’s largest independent insurance brokers. The firm trades nationwide, from Shetland to London, with a workforce of more than 165 people.
TL Dallas offers an extensive array of commercial and personal insurance services spanning corporate, SME, trade credit, demolition, agriculture, health, collectables, and private clients.
The deal in Scotland includes Marsh Commercial’s teams located in Elgin, Inverness, and Kirkwall, complementing TL Dallas’s existing operations in the Highlands and Islands region.
Polly Staveley (pictured), group managing director of TL Dallas, remarked: “The acquisition of Marsh Commercial’s business in Elgin, Inverness, and Kirkwall represents a significant milestone for TL Dallas, as we continue with our strategy to serve local businesses with local teams, whatever their size. We see this as a major growth region for our business.”
Meanwhile Alistair Fraser, chief executive of commercial & corporate at Marsh, commented: “I am pleased that TL Dallas, with its strong presence in Scotland’s Highlands and Islands where it serves personal customers and SMEs, will be the new custodian of our offices there.
“As the UK’s leading risk and insurance specialist serving SME clients in over 40 offices, Marsh Commercial will continue to serve SME clients in Scotland through its offices in Aberdeen, Dundee, Edinburgh, Glasgow, Oban, and Perth.”
TL Dallas’s foray into Scotland began in 1993 with the opening of its Shetland office, leveraging expertise in the shipping and textile industries. This was followed by a second office in Falkirk in 2000, and subsequent expansions into Glasgow and Edinburgh in 2011.
The company’s founder, Staveley’s great-grandfather Thomas Lessels Dallas OBE, started his career in commercial shipping insurance in Edinburgh before establishing TL Dallas in Bradford in 1919.
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