Acquisition For Franklands
27th October 2004
Derby’s leading corporate Insurance Broker, Franklands has acquired the commercial business of long-standing city broker Reilly Ross & Co Ltd.
Reilly Ross has been trading in Derby since 1974 and Managing Director Bob Gotheridge commented, “Due to the growing challenges facing the insurance industry with impending FSA regulation and the drive for growth, I felt it was time to consider the future of the business.
“Most of my clients have been with me for many years and I needed to be sure that they would continue to receive a very high level of technical and personal service. I am delighted to have reached agreement with Franklands that will guarantee an award-winning Broking service, from a Derby-based Broker for my corporate clients”.
Franklands Managing Director Paul Brown said, “This is a period of consolidation within the Insurance industry that offers Franklands an excellent opportunity to expand. We are delighted that Bob will be joining us and we look forward to working with his clients.”
Paul added, “We have an exceptional team of experienced and qualified people that will enable us to build further. We have a very strong company and have invested heavily in premises, IT and the management of the business. We would encourage any companies to talk to us about the benefits we can provide not just in risk transfer but in all aspects of risk management and disaster recovery”.
For more information, contact Paul Brown (MD) on 01332 545720.
email paulb@franklands.co.uk