Hot on the heels of another acquisition announced earlier this week, Aston Lark, the Chartered insurance broker backed by Goldman Sachs, has today announced the acquisition of Incepta Risk Management.
Incepta is an established Lloyd’s broker offering solutions to clients and customers, direct and wholesale, with an appetite for UK commercial business developed through successful underwriting binders as well as effective open market broking. Incepta has nine staff based in Fenchurch Street, London.
Incepta’s wholesale division specialises in providing property, casualty and professional indemnity solutions in the London Market to regional brokers, with a focus on high service standards and market expertise.
Peter Blanc, Aston Lark Group CEO, said: “I’m delighted to welcome Paul, Clive and the rest of the Incepta team to the Aston Lark family. Aston Lark is well known for our regional presence, but we see the London Market becoming increasingly important to the group and a key element of our future growth strategy.
“We’ve been keen to expand our London Market offering since our acquisition of Lloyd’s broker Protean Risk in October 2019. Our Irish colleagues in Robertson Low, which we acquired in January 2019, also trade significantly with the London Market and our acquisition of Incepta therefore joins the dots in making the London Market an important pillar of Aston Lark’s offering, alongside our UK retail and Irish businesses. We continue to explore other acquisition opportunities in the London Market space and are interested in speaking to any individuals or teams who may be considering a move.”
Paul Smith, Incepta Director, added: “Incepta has grown into a successful service-driven business. Service is easy to say but we have always delivered. Through teamwork with our staff of talented individuals we have consistently punched above our weight in a competitive marketplace. Joining the Aston Lark group was a logical step for us as they conduct their business in the same way we do. It’s an extremely good fit for both Aston Lark and ourselves and the future is very bright for our team and our customers.”
Clive Gilbert, Incepta Director, said: “We’ve come a long way in 10 years. With the support of our long-standing markets and our excellent team, we have always risen to the challenge. Both have helped to make Incepta a recognised name and set us apart in the London Market. We are confident we have made a strong strategic decision for all involved and we look forward to an exciting future with Aston Lark.”