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Long established, Independent Insurance Brokers Northcott Beaton Ltd have acquired Property Search South West (PSSW) as expansion plans take shape.
Northcott Beaton Ltd are a leading, independent, general insurance broker who have been trading in Exeter for nearly 30 years.
Traditionally, and perhaps locally, they are known as a broker who insures businesses, but Northcott Beaton have also spent nearly 20 years providing niche insurance products to the conveyancing profession Nationally. These products include title insurance, search indemnity and home buyer’s protection insurance to name a few.
This year signals the start of ambitious plans to continue development in the property arena by acquiring PSSW after a long-standing relationship between the two businesses.
PSSW are a search company who provide regulated search reports as part of the conveyancing process for both residential and commercial property transactions and have been established in Exeter for over 18 years.
These reports include Local Authority Searches, Drainage & Water, Flood, Mining and Environmental reports to name a few. In addition, they provide the aforementioned insurance products linked to these services that are already supplied by Northcott Beaton Ltd.
Northcott Beaton’s Commercial Director Keiron Northcott said, ‘Since we started our Association with PSSW, we have carved out a significant niche for insurance products related to this market and have even designed and introduced unique insurance products to fit which are now used extensively throughout the UK. This partnership is an ideal fit to our existing business model and future plans’
Clare Northcott of PSSW said ‘the property market is changing all the time and we see a collaboration with Northcott Beaton as a really positive step forward for both companies. It is our intention to continue our work with Solicitors locally, but we are also developing a range of products and services that will enable us to deal directly with progressive Estate Agents. We believe this will improve the overall experience of buying and selling property and, thereby, speed up the conveyancing process significantly’
Managing Director of Northcott Beaton, Nick Beaton said ‘we have significant plans to continue to expand our business in Exeter and as we have developed strong links in the conveyancing market, it makes perfect sense for us to continue to develop products in this area’
As one of only a few independent Insurance Brokers left in the region, Northcott Beaton boasts a wealth of experience and knowledge both in the legal indemnity field and with regards to commercial insurances. This proud company continues to go from strength to strength and 2019 should be no different as they welcome the PSSW team on board.