Aston Lark reveals two fresh deals
The acquisitions will add £50m in annual premium income to Aston Lark, which says it is now set to become one of the biggest private medical insurance brokers in the UK.
Aston Lark has bought two brokers in the health insurance space, Right to Health and The Health Insurance Specialists.
Terms of the deals were not disclosed, but both transactions are expected to complete in early March.
According to Aston Lark, Right to Health was founded in 2001 by Gary Marney and Stephen Carroll and is one of the UK’s largest individual health insurance specialists.
Meanwhile The Health Insurance Specialists was founded by Robin Dowling, Gary Marney and Stephen Carroll, and serves the needs of both businesses and individuals.
The two businesses bring over £50m of annual premium income to the consolidator.
The move follows on from Aston Lark’s purchase of Private Healthcare Managers in August 2020 and the hire of former CEO of specialist private medical insurance broker Chase Templeton, Warren Dickson, as UK Retail managing director in September 2020.
In demand
Peter Blanc, Aston Lark Group CEO, said: “Private Medical Insurance has never been more in demand and Right to Health and The Health Insurance Specialists are at the very pinnacle of high-quality advice and service, fitting perfectly with Aston Lark’s ethos of care for our clients. We’re delighted to welcome both teams to the Aston Lark family.
“These two healthcare businesses bring over 30,000 new policyholders into the Aston Lark Group and over £50m of annual premium income, making Aston Lark one of the largest Private Medical Insurance brokers in the country.”
He explained that Aston Lark will continue to buy more businesses in the healthcare space over the coming years.
Future
Gary Marney, partner at The Health Insurance Specialists as well as founder at Right to Health, and Robin Dowling, partner at The Health Insurance Specialists, added: “Over the last 11 years we have seen significant growth, with this year being no exception.
“The world of private health care is more exciting than ever, and we are all very much looking forward to the future with Aston Lark.”
They continued: “This development is great news for our clients. It strengthens our proposition and breadth of cover in the market and opens up access to a range of other insurance products.
“The Aston Lark Group shares our ethos of care and excellence in customer service, which we think makes it a great new home for our team.”
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