Brokers wooed to Borders by railway

MANDATORY CREDIT: PIC - ROB MCDOUGALL '''www.RobMcDougall.com'07856222103'info@robmcdougall.com

MANDATORY CREDIT: PIC - ROB MCDOUGALL '''www.RobMcDougall.com'07856222103'info@robmcdougall.com

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The largest independent insurance broker in Edinburgh and the second largest in Scotland has opened an office in Galashiels, creating seven jobs.

And Bruce Stevenson– which also has offices in Glasgow, Aberdeen and London – says it is confident the economy of the Borders will grow with the coming of the railway.

The company’s chief executive, Edward Bruce, commented: “The economy in the Borders is already growing and it will develop ever further once the the Borders Railway opens in September.

“We identified a gap in the Borders market for an insurance broker to provide a local service based on local knowledge.”

Across its offices, Bruce Stevenson Insurance Brokers has a workforce of 80.

Total premiums are sitting at £23million and the company expects that to rise to £25million by the end of the year. They have taken a 10-year lease on premises in the High Street.

Commercial director Andrew Adam said: “Our specialist team will serve both corporate and private clients and it will be good to renew past relationships in the Borders as well as establishing a new client base.”