Aberdeen’s only locally established independent insurance broker, H&R Insurance Services (H&R Insurance) today announced its acquisition of APL Insurance Services, the insurance division of Aberdeen Property Leasing Ltd.
The acquisition, which concluded at the end of 2019, will include the transfer of all APL Insurance Services’ clients to H&R Insurance and has been described by Shona Robertson, partner at H&R Insurance, as a strategic fit for the company. The news rounds off a successful year for H&R Insurance which, despite difficult trading conditions in the North-East, posted 20% growth in 2019.
Speaking on the acquisition, Robertson said: “The acquisition of APL Insurance Services is a unique opportunity which unlocks growth potential for H&R Insurance. The two businesses have a lot in common and share the same core values, with customers and personal service at the heart of both companies. The deal enhances our position in the North-East of Scotland and demonstrates our commitment to our customers in that market.”
Director of Aberdeen Property Leasing, Alan Pirie also commented on the deal and said that this acquisition brings together two of Aberdeen’s most respected local brands and highlights the importance of personal service in the local market.
Pirie continued: “Without Aberdeen’s phenomenal support of local independent businesses, H&R Insurance Services and Aberdeen Property Leasing wouldn’t be where they are today. It’s clear that clients still appreciate the personal local touch, and we’re delighted to be able to deliver this.”
Bruce Kelly who has worked in the insurance industry for over 30 years and who worked exclusively in the insurance division at APL Insurance Services, will join H&R Insurance this month, bringing with him his strong client connections and wealth of experience. He joins Neil Melvin who joined the company in May as an account executive, and Frank Adams who recently joined the commercial account handling team.