Growth was driven by various specialist areas and new sectors, including life sciences, technology, and risk management.

The company announced Kenny Hogg will replace CEO Edward Bruce on October 1st, with Mr Bruce becoming executive chair.

Bruce Stevenson, which was founded in 1981 by Edward Bruce’s father David Bruce, is now owned by Howden, the international insurance intermediary, which has a headcount of around 14,000 people worldwide, handling approximately $30 billion (£24.22bn) of premium on behalf of clients. It is also the fifth largest employee-owned company in the UK. 

Mr Bruce, Bruce Stevenson CEO, said: “Our financials tell a really positive story, we have also continued to grow our specialism across multiple industry sectors, while significantly investing in our people. Our people are absolutely key to our success, and our standard is to be the employer of choice in the sector.”

The insurance broker has made a raft of hires and promotions over the last twelve months and remains in hire mode to support ongoing growth prospects. In addition to organic growth, CEO Edward Bruce says the firm hasn’t ruled out further growth by acquisition.

He added: “We are actively looking at a couple of acquisitions at this time, so we may have more news here in due course.”

In 2022, Bruce Stevenson launched its fifth office in Scotland, with a new office opening in Perth, while Graeme Christie joined the firm as commercial director, and Richard McDonald was recently appointed Social Housing Director.