Derby based insurance broker Bell & Co has joined the Aston Scott Group following acquisition.
Aston Scott, is one of the largest independent brokers in the UK and, like Bell & Co, is one of a small percentage of intermediaries to achieve Chartered Insurance Broker status.
The Bell & Co brand will be retained, the Board of Directors will remain to run the company and Derby will become a ‘Midlands hub’ for Aston Scott.
Richard Salt, Managing Director at Bell & Co, said: "In an era where scale and quality means so much to our insurer suppliers, this is great news for existing and new customers. We are really excited that Aston Scott is backing us with our ambitious growth plans.
"Derby has, in my view, needed a broker of this scale for some time. It is what we have been aspiring to and we are proud to achieve this through everyone’s hard work and now Aston Scott's support. We have been talking to them and building foundations over the course of the past year and we look forward to becoming part of a larger independent broking group. Following our move to great new offices at the County Cricket Ground, this is a tremendous time for Bell & Co."
Peter Blanc, Group CEO at Aston Scott, said: 'We are delighted to welcome Bell & Co to the Aston Scott family. The two businesses have many common positive features. We look forward to supporting Bell & Co with their expansion plans in the region and I look forward to meeting all of the team over the next few weeks."
All of Bell & Co’s support work in relation to the transaction was carried out locally. Legal work was delivered by Flint Bishop led by Martyn Brierley, with accountancy and tax advice from Dains led by Jenny Moore.
Aston Scott has another office in the county, in Chesterfield, which was acquired in 2015.
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