Aston Lark Acquires UK Broker ES Risks

London-based broker Aston Lark continues with its buying spree with the purchase of ES Risks Ltd.

Financial details of the acquisition were not disclosed.

Established in 2007 and based in London, ES Risks is a 45-strong team of dedicated experts providing bespoke and niche wholesale re/insurance facilities to industry clients, which include brokers, managing general agents and re/insurers across some 20 countries. ES Risks covers all classes of business, from aviation and marine to surety and super yachts.

Peter Blanc, Aston Lark Group CEO, said: “The ES Risks team brings a whole range of specialist skills to the Aston Lark Group. These experts will help our offices across the UK and Ireland win more business and grow, and I’m very excited by the opportunities that are in front of us. Chris Hobbs has built a fantastic business and I’d like to welcome him and his whole team to the Aston Lark family.”

“Joining Aston Lark brings an exciting new stage in our journey and will create development and growth opportunities for our business and staff and provide our clients with an even greater breadth of capability and resource,” commented Hobbs. “It has been a privilege to lead ES Risks to our current level of success and I look forward to our continued growth in the years to come.”

About Aston Lark

With more than 1,500 employees across 50-plus offices in the UK and Ireland, 200,000 customers and over £700 million of gross written premiums, Aston Lark is an insurance broking consolidator backed by Goldman Sachs. Founded in 2018, Aston Lark said its expertise spans all commercial sectors, industry-specific schemes, employee benefits consultancy, and a wide range of private client solutions.

Source: Aston Lark

Topics Mergers & Acquisitions Agencies Excess Surplus