Clark Thomson Insurance Brokers (CTIB) has announced the completion of contracts to acquire the Scottish commercial business unit of Willis, the principal UK-regulated entity of the global risk adviser and insurance broker.

CTIB is already Scotland's largest independent insurance broker and the newly expanded business will now increase to eleven branches across Scotland, employing over 200 staff.

The expansion will see 24 new staff join CTIB in Glasgow and Dundee as the company looks to expand into central Scotland.

Ben Bailey, managing director, said: "This is a very important acquisition for us.

"The new staff involved are entirely complementary to our existing business, bringing with them a wealth of experience. All existing jobs will be retained and we hope to recruit further to maximise the value of the opportunities presented and to boost future growth."

CTIB has also agreed to join Willis Commercial Network, a partnership between independent UK insurance brokers, the Willis Group and a panel of leading insurers.