Bruce Stevenson commits to independence amid M&A interest
CEO Edward Bruce said consolidator interest in the Scottish broker was increasing as it posted ‘record’ turnover for 2019.
Edward Bruce, CEO of Bruce Stevenson, has pledged to keep the Scottish broker independent following ‘record’ financial results.
Yesterday (13 January), the broker announced turnover of £7.76m and profit before tax of £677,000 for the year ended 31 August 2019. The figures grew 8.4% and 30.6% respectively.
Gross written premium at Bruce Stevenson also rose from £33m to £36m over the same period.
Bruce told Insurance Age that the broker attracts “a fair amount of interest” from consolidators
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