Reinsurance News

Aston Lark acquires Lloyd’s broker CRS Yachts

8th January 2021 - Author: Charlie Wood

Aston Lark, a chartered insurance broker backed by Goldman Sachs, has announced the acquisition of Lloyd’s broker CRS Yachts.

Aston-LarkCRS Yachts is based in London and offers a bespoke service focussed solely on serving superyacht owners.

The company will maintain its existing brand but will play an active and significant role in the growth strategy of Aston Lark Europe.

Peter Blanc, Aston Lark Group CEO, said, “It’s so exciting to have Simon Ballard and the team from CRS Yachts joining forces with Aston Lark Europe and working with our CEO Robert Kennedy.

“With Euromarine, Haven Knox-Johnston and now CRS Yachts we’re becoming quite the nautical experts! CRS Yachts specialises in the high-end world of superyachts and they place cover for some of the most beautiful craft on the planet.

“It’s an extremely specialised class of business which is facing its own hard market challenges. Simon and the team haven’t missed a beat through Covid and we’re looking forward to an exciting and challenging 2021 together.”

Robert Kennedy, Aston Lark Europe CEO, said, “We are thrilled to bring CRS Yachts into the Aston Lark group under Robertson Low, albeit temporarily as we are set to rebrand Robertson Low and Wright Insurance Brokers as Aston Lark Europe in April 2021.

“CRS Yachts has built a really great business over the last few years with an exciting and dynamic team at its core.”

Simon Ballard, CRS Yachts CEO, added, “We are delighted to be joining the Aston Lark group. In an ever-changing world we believe the strengths of Aston Lark together with their client focus approach, which matches ours, makes a great collaboration.

“Together we will be able to service our current and future clients to the highest level. We are all very much looking forward to the future, continuing to grow and offering the superior service levels our many clients have come to expect from us.”

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