Aston Lark Financial Institutions (FI) is our specialist division where we provide insurance broking and risk mitigation advisory services to firms, including but not limited to companies that are regulated by the Financial Conduct Authority (FCA) and/or Prudential Regulation Authority (PRA). These Financial Institutions include banks (including a large number of London branches of overseas banks), stockbrokers, fund managers, wealth managers, foreign exchange, insurance companies, etc. It also encompasses the emerging fintech sector, which includes crowdfunding, peer to peer (P2P) lending and investment platforms. However, this list is by no means exhaustive.
We also have a niche area of interest with SEIS/EIS (Seed/Enterprise Investment Scheme) funds which are a tax relief vehicle for investors designed to encourage investment in early stage companies to help the economy.
We have been servicing the FI market since the early 1990s and over the years, have grown our offering significantly. One of the main things that sets us apart from our competitors is our ability to provide a truly holistic approach as we are able to provide expertise via one dedicated team on areas.
The cover we offer includes:
- Material Damage
- Business Interruption
- Personal Accident & Travel
- Professional Indemnity
- Management Liability
- Bankers Blanket Bond
- Cyber Risk Protection
- Warranty & Indemnity
- Mergers & Acquisitions
- Public Offering of Securities
We work closely with key industry partners such as PIMFA (Personal Investment Management & Financial Advice Association), the Association of Foreign Banks, the Enterprise Investment Scheme Association and the UK Business Angels Association. As part of our association with these partners, we take part in many industry events as either sponsor or speaker (or sometimes both).
The FI division has grown significantly in recent years and this looks set to continue, as we have a large focus on development, which has resulted in our brand becoming more recognisable. Clients now recognise Aston Lark FI as a boutique brokerage, which is also able to facilitate risk management services, such as cyber risk mitigation. Furthermore, we already have established insurer market relationships in addition to Lloyds slip capacity, which facilitate our bespoke approach.
For our specialist scheme package wording we use RSA, Chubb and Hiscox.