3 May 2022

Aston Lark makes 50th acquisition since formation

By Aston Lark

In a momentous month for Aston Lark, the company today announces UKGlobal as its 50th acquisition since formation in 2018, less than two weeks after officially becoming part of the Howden Broking Group.

UKGlobal Broking Group arranges insurance for a broad range of commercial sectors, including via a number of specialist schemes and association partnerships, and also private clients. They are a national business, supporting clients from a network of 10 regional offices, and in addition have extensive international capability. UKGlobal’s Healthcare division offers private medical insurance solutions to businesses to protect their employees, and UKGlobal Group Risk offers group risk insurances and business protection insurance.

The management and team members will all remain with the business, and the UKGlobal brand will also remain for the foreseeable future as the company continues its impressive growth trajectory, further bolstered by the scale and resources of Aston Lark and the wider Howden group.

Peter Blanc, Aston Lark Group CEO, said: “I’ve known Nic, Matt, Phil and of course Philip Hodson for many years. They are first class insurance brokers and have a true client-first ethos. They have built an outstanding business and we now have an opportunity to partner together to more than double the business again over the coming few years. I’m delighted that they have chosen to partner with Aston Lark and I’m so excited about what we will achieve together over the coming years. Welcome aboard to the whole UKGlobal team!”

Matthew Bray, Group CEO of UKGlobal, added: “We have enjoyed fast growth in the last five years and when Peter approached us, it became apparent that a link-up would accelerate our plans and enable us to offer even more to our clients and team. Finding the right cultural match has been imperative and in Aston Lark we have found an organisation that shares the same fundamental values that underpin our business and the way we care for our people, clients and insurer partners.”

Nic Hamblin, Group Executive Chairman of UKGlobal, commented: “This arrangement is an excellent fit and I am delighted that our business will become part of a market-leading broker. I am very much looking forward to this next part of our journey.”

Phil Truman, CEO of UKGlobal Risk Solutions, stated: “We are joining a forward-thinking business with a remarkable array of capabilities which complement our aspirations. This opportunity will provide us with additional scale in corporate and international broking sectors and we look forward to collaborating with the wider group.”

Phillip Hodson, UKGlobal investor, said: “I am delighted that the top team of Matthew, Nic, Phil and Stephen Proctor, our excellent CFO, are taking the next stage of the business development with Peter, whom I know well from our previous roles. I believe the clients and staff of UKGlobal will benefit from this tie-up in the months and years to come.”

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