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Turnover rises at Bruce Stevenson

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Bruce Stevenson pair
Bruce Stevenson CEO Edward Bruce and commercial director Andrew Adam (Picture: Bruce Stevenson Insurance Brokers)

The largest independent insurance broker in Edinburgh and the second largest in Scotland, Bruce Stevenson Insurance Brokers, has reported strong financial results with a 14 per cent increase in turnover and 18 per cent growth in gross written premiums.

The Edinburgh-based firm has been investing in growth and the latest update coincides with eight new appointments across the commercial department, private clients and renewables division:

  • Alexandra Richards brings 15 years’ experience as a specialist fine art and private client broker, structuring portfolio solutions and managing complex risk requirements for individuals, families, commercial and public sector clients based in the UK and overseas.

  • Nicky Fleming has joined the Firm with four years’ experience in small to medium private client insurance work.

  • With nine years’ experience in broking, Michelle Thomson has been appointed in the role of Commercial Broker focusing on Farm & Estates, a variety of Commercial Lines, Fleet & Property Owners.

  • Maria Casey has worked in the insurance industry for 20 years mainly in management support roles within the Glasgow area bringing a wealth of experience to her Management role at Bruce Stevenson.

  • Graeme Durie joins the Property Team bringing with him over 10 years of insurance experience. Having previously worked within financial services, Graeme has a thorough understanding of the place for insurance within property.

  • Lyn Russell has joined the Edinburgh team and provides executive support to the claims team.

  • Gregg Logan has joined our Borders office as an Account Handler

  • Sarah MacNamee is a Renewable Energy account handler based in Glasgow.

    • Edward Bruce, CEO of Bruce Stevenson Insurance Brokers, said: “These are an excellent set of results and reflect significant investment in our Glasgow and Borders offices. Turnover has grown 14 per cent to £5.9m and our gross written premium is up £4.4m to £29.2m, a growth of 18 per cent.”

    “This performance is particularly pleasing as it is predominately driven by organic growth in our niche specialisms. There are a number of exciting initiatives underway this year to maintain our strong growth and we have funding in place for further appointments and business acquisition.”

    Andrew Adam, commercial director at Bruce Stevenson Insurance Brokers, added: “These new appointments have been created to support our continued growth of our commercial, private client and renewables divisions and underline our commitment to growing our business and securing our position as the broker of choice.”

    “We now employ around 90 staff across four offices. Our areas of expertise cover all key business sectors with a focus on hospitality, which has been a real growth area over the last year as well as farms and estates, heritage property, renewable energy and commercial business.”

    As well as Edinburgh, Bruce Stevenson have offices in the North East of Scotland, Glasgow and Galashiels.

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