Scotland’s largest independent insurance broker, Clark Thomson (CTIB), has expanded its Glasgow office, doubling the size of its workspace and staff numbers.
CTIB’s Glasgow office first opened in April 2015 and due to a stream of successful new business wins, the team have now relocated to a larger space more than double the size within same building on West Regent Street, in the city centre.
Staff numbers have also increased from three to eight full-time employees, including recent hires who were previously employed at Arthur J Gallagher & Co, D2 and Aviva.
The move is the first stage of a business development and growth plan, which will see CTIB continue to increase incoming business and market share in the city. CTIB has invested more than £800,000 in its Glasgow operation with another £500,000 budgeted for the next two years to continue its ambition to double turnover and staff numbers again over the next five years.
Regional Director, Catherine Kelly said: “Following our acquisition of the Willis Commercial business in Scotland in January 2015, we have rapidly built on the solid base of staff and clients it gave us in Glasgow. With their knowledge and experience, our recent appointments have been invaluable to our growth plans and we will continue to build a pipeline of quality people we want to attract to our business.
“CTIB is providing the Glasgow market with a new and credible independent insurance broking alternative to the existing players and we’re naturally keen to increase our market share in the city.”
The expansion came shortly before winning this year’s Scottish Financial Services Awards. The company was recognised for bucking the trend towards centralisation and achieving outstanding growth, by delivering a local and personalised customer experience through a Scotland-wide branch network and strong client relationships.
Ben Bailey (Managing Director) added: “It was a great honour to receive the accolade from the wider Financial Services sector in Scotland. While we are delighted with the progress we have made over recent years, we believe we have the potential for continued growth in terms of profit, market share and services provided. Our expansion strategy will ensure Clark Thomson is positioned to benefit and continue to improve over the years ahead.”