Erskine Murray has announced the completion of its acquisition of Houghton Insurance Bureau Ltd, a Bedfordshire-based independent insurance broker.
This is the company’s third acquisition in the last eighteen months, having recently acquired Offley Insurance Ltd, a Cheshire-based insurance broker and Asciak Holdaway Merritt Ltd, an Essex-based brokerage. This acquisition will serve to further strengthen Erskine Murray’s regional presence and is reflective of the company’s strategic vision as it continues to deliver on its commitment to high quality client services.
CEO, Tom Bartleet, said: “With our values and ambitions being so strongly aligned, the acquisition of Houghton Insurance is a positive move that will further enhance our regional based client offering. As a growing broker, both organically and via targeted acquisitions, we are continuing to develop our service offering to ensure we remain in the best position to serve our clients.”From this deal, Houghton Insurance’s clients will benefit from being part of a larger organisation, while still retaining a personal and localised service. For Houghton Insurance’s employees, this deal presents enhanced career and development opportunities, particularly given that Erskine Murray have recently attained Chartered Insurance Brokers status from the Chartered Insurance Institute.
Managing Director, Alan Wheeler, added: “We are delighted to be acquiring a business who share
Erskine Murray’s ethos for excellent client services on both a local and a national scale. There is strong and significant alignment between our vision and culture, which makes Duncan and his team a great fit for us. We will be focused on enhancing the range of products and services for Houghton Insurance’s current loyal client base so that they will continue to benefit from progressions in the industry.”
Alan added: “We are delighted that Duncan Smith will be continuing on in the business. With over 30 years of experience in the insurance industry and a strong and established client base, we look forward to working with Duncan and his team.”
“Duncan Smith said: After providing independent commercial and personal insurance broking services to our clients for over 50 years, we have been able to join another like-minded insurance business who share our aims and ethos, and in turn will enable us to continue to flourish, grow and expand. In addition, we have the same common goal of offering our clients solid sound advice, help and assistance in providing competitive risk management solutions.”