Another acquisition for Bollington Insurance

Adlington Business Park based Bollington Insurance has completed the acquisition of  Bolton-headquartered insurance broker Watson Laurie.

Founded in 1988 by Andrew Crompton, and joined by Andrew Delves in 2008, Watson Laurie specialises in corporate risks, property and construction, European commercial real estate financing, latent defects insurance and SME schemes.

It manages more than £25m in annual premiums.

The deal is Bollington’s fourth of the year, with group chief executive Paul Moors saying: “We are delighted to welcome Watson Laurie into the Bollington Group as it is a company I have admired for many years.

“Andrew Crompton and I both started our careers at Sun Alliance as professional trainees so we have watched our careers and businesses develop.”

Andrew Crompton, managing director of Watson Laurie, who will also join the main board of The Bollington Group, added: “Completing this deal is great news for both parties. Watson Laurie is now part of a fast-growing and diverse group that is nationally recognised.”