Goldman Sachs-backed Aston Lark has acquired UK-based Essex Insurance Brokers to augment film and visual arts insurance capabilities.
The financial value of the deal has not been disclosed.
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Founded in 1964, the acquired firm caters to both personal and business clients across the country.
Essex Insurance Brokers specialises in the film and visual arts insurance sector and offers business, personal, and motor insurance.
Aston Lark noted that the acquisition of Essex Insurance Brokers, which has a combined premium income of over £550m, will enhance the capabilities of its performance film & media brand.
The deal follows the acquisition of Plester Group, which happened last week.
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By GlobalDataAston Lark Group CEO Peter Blanc said: “I am delighted to welcome Beverley and Neil to Aston Lark. We are seeing significant growth in our film and media book and I am really proud of the specialist knowledge we have in our growing team. The addition of Essex is perfect and broadens our capability even further.”
Essex Insurance Brokers director Beverley Harle said: “Aston Lark is the perfect partner with the ideal pedigree for our business and we are confident that this next chapter in the life of our company will be an excellent opportunity for the most important people in our business – our clients and staff.”
Last month, Aston Lark acquired Principal Insurance Ireland, which caters to the Irish motorcycle market and has a 30% market share.
