Bluefin acquisition to strengthen professional indemnity division
Bluefin acquired independent Edinburgh-based broker P I Brokers Ltd for an undisclosed sum.
The specialist broker has a very well established client base, providing advice and insurances to all professional firms. Bluefin advises over 10,000 professional firms about their specialist insurance requirements, highlighting the strong alignment between the two businesses.
Mike Bruce, CEO of Bluefin, said: “Professional indemnity is an important area of our business and the acquisition of P I Brokers is an excellent fit for Bluefin. It is a high quality broking business led by Peter Laing and Lorraine Marchetti who bring with them an expert team with a successful track record. With continued growth expected this acquisition complements our strategy very well, bringing additional expertise and resources to Bluefin and our customers, and enlarges our presence in Scotland and Edinburgh in particular. Further acquisitions will be announced in due course as Bluefin continues to actively seek top quality businesses such as this.”
Peter Laing, Managing Director of P I Brokers, said: “Bluefin is a broker that values excellent customer service and recognises the importance of bringing specialist expertise and experience to its clients. This complements our ethos and culture extremely well so we are very pleased to be joining the Group.”
Lorraine Marchetti, Managing Director - Operations of P I Brokers, also said “Bluefin’s national footprint means we will be able to provide our services to a broader number of customers than before so we look forward to integrating with the team and working together to expand the business further.”