TWO York insurance brokers have merged to create a £10 million turnover company.

PB Curran & Co (York) Limited and Associated Insurance Services (York) Limited have joined forces in a deal advised by York law firm Denison Till.

Associated Insurance Services (AIS) owner, David Savagar, and his staff will move into PB Curran’s offices and the company will continue to trade as PB Curran.

Edward Curran, managing director of PB Curran, said: “This exciting merger creates a stronger team of like-minded staff with a focus on delivering a top-quality service. This will enable us to combine our skill and service ethos with value for money by allowing us to spread the cost of regulation and compliance as well as giving us increased buying power with suppliers.

“Absorbing the AIS team will give us greater strength-in-depth and a wider product choice as AIS brings new agricultural facilities which will be made available to PB Curran clients.”

P B Curran has acquired four Yorkshire brokerages - R Butterfield in Boston Spa, TCR Swiffen in Skipton, Bolan Dale Limited in York and Neil Readman Insurance near Pocklington - since 2005. In 2008 it moved from its city centre offices in High Petergate, York, to larger premises in Osbaldwick in 2008 to enable it to continue to grow.

Mr Curran said: “Our priority is to ensure that we retain our traditional values of personal service and client contact as we grow as was instilled in the organisation by my father, Patrick. This is a very exciting time for us and we have a number of opportunities which we are currently developing.”

David Savagar, who joins the PB Curran management team from AIS, which was founded in 1984, said: “This merger is good for the clients of both businesses and will help create a solid enterprise which we are confident can continue to expand even in the current tough economic climate.”

Denison Till corporate and commercial partner, Alistair Duncan, who led a cross-departmental team to advise on the merger, said: “We are confident that these two long-established, well-known York business can expand and become an even more significant force in the Yorkshire insurance sector.“