Insurance broker snaps up firm in expansion move

Nottingham-headquartered insurance broker Russell Scanlan has acquired Building & Land Guarantees (BLG) – a specialised insurance firm based in Leicester.

Established in 2006, BLG is an insurance broker focusing on long-term construction projects with services including warranties for residential properties, insurance-backed guarantees, commercial property warranties, parts guarantees, and warranties for machinery and electrical plants.

BLG will maintain its existing brand and team of 12 members.

Mike Dickinson and Matt Franklin from Russell Scanlan will be added to the BLG Board, joining current directors Paul Rose and Mark Jackson.

Dickinson said: “While Russell Scanlan continues to deliver its successful growth plan, we recognise that partnerships with those operating as specialists in specific sectors can be mutually beneficial – and certainly BLG’s reputation is substantial in its field. In addition, there are several synergies between the Russell Scanlan and BLG brands and location will play its part – both well-established East Midlands brokers with a strong foothold in the UK’s heartland.

“This new partnership will allow the businesses to tap into existing client networks and will help both Russell Scanlan and BLG to share expertise in their respective specialist fields.”

Paul Rose, director at BLG, said: “Our values at BLG bear strong similarities to Russell Scanlan’s, both being East Midlands-based insurance brokers with robust ties to our respective fields and high levels of service recognised by our industry and client groups. Our growth has resulted from providing a friendly, personal service with nearly 20 years of experience in long-term construction projects. We will continue to adopt this bespoke approach under the BLG brand, with the support of the Russell Scanlan team.”