Chartered insurance broker, Aston Lark, has announced the acquisition of Private Healthcare Managers (PHM) Limited.
The company says this new move will boost the broker’s employer benefits offering.
PHM looks after SME and corporate clients with around £4 million in gross written premium (GWP) per annum across its portfolio. The service is a specialist Employee Benefits intermediary providing advice and tailored solutions for Private Medical Insurance and Group Risk benefit packages.
Peter Blanc, Aston Lark Group Chief Executive Officer (CEO), commented on the new acquisition: “Employee Benefits, and Private Medical Insurance in particular, is a key growth area for Aston Lark. As such I was delighted to meet with Nick and Chris who clearly share the Aston Lark passion for customer service.”
He continued: “I’m pleased to welcome them to our growing Employee Benefits practice, and I look forward to seeing them help both existing and new customers with their Group Risk and Private Medical Insurance needs.”
Aston Lark Employee Benefits Director, Sam Mistry, said: “We are delighted to welcome the team at PHM to the Aston Lark Employee Benefits business. Their reputation, experience and drive will be a welcome addition to a team set for growth.”
Nick Petty, PHM Director, added: “Our business has grown rapidly in the last few years and, with much acquisition and consolidation in our sector, we have been approached on numerous occasions by larger corporate brokers looking to strengthen their employee benefit proposition.
“When Aston Lark showed an interest we met with Peter Blanc and his team in London and it is clear both from that initial meeting and from anyone you talk to in the industry that they are growing a great business.
“Their continued focus on personal service coupled with exceptional talent in all areas of the business and the solid financial backing of Goldman Sachs is a winning formula.”
