Using cash and shares, the Central Insurance took over Aberdeen broker, Collins Halden & Burnet in a deal worth £2.6 million. The acquisition according to reports will boost their central’s premium placement into the UK insurance market to £51 million. Also, the firm states that, it places it as one of the top 15 independent brokers in the UK.

Collins Halden & Burnett was founded in 1962 and has 23 staff who will move to Central’s main office and the one in Aberdeen. The amount of people employed by Central insurance has increased to 113, with about 90 in the north-east of Scotland.

Graeme Yule, former Managing Director of Collins Halden & Burnett, has stated that the takeover was a good move, for the staff and clients and they are happy to be part of the company, which will become a very important independent player in the UK.

Iain Henry, Central Managing Director also stated that the acquisition will gain from the joint skills and experiences from quality broking professionals, as Collins Halden & Burnett is an established 50 –year-old business with a respected name in Aberdeen and suites their planned expansion to the corporate and personal insurance markets in Scotland.