UK Broker Aston Lark Acquires Mainstay Insurance

Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced the acquisition of UK broker Mainstay Insurance.

Financial details of the transaction were not disclosed.

Founded in 2013 by Richard Gorrill and headquartered in Hove, England, Mainstay Insurance offers bespoke commercial insurance and risk management solutions, with particular specialisms in the leisure industry, property owners, and professional indemnity.

“Richard and his team have a fantastic reputation, and I’m delighted that they chose Aston Lark for their future home. Welcome aboard!” commented Peter Blanc, Aston Lark Group CEO.

“This company has built up a significant reputation over the years as a broker providing great service, whilst retaining that vital personal touch. This has allowed us strong client retention levels with our loyal and enduring customer base,” said Richard Gorrill, managing director and founder of Mainstay Insurance.

“But we appreciate we simply cannot afford to stand still in this rapidly evolving business world, and this acquisition brings additional opportunities not only for our clients, but for our magnificent staff too. We are looking forward to further enhancing our overall value proposition for customers and staff alike through being part of the Aston Lark Group,” he added.

About Aston Lark

Currently backed by Goldman Sachs but soon to be acquired by Howden (as announced on Oct. 13, 2021), Aston Lark has more than 1,700 employees across more than 55 offices in the UK and Ireland, 200,000 customers and more than £1 billion of GWP. 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