Brexit Update
9th April 2018

Brexit Update

Aston Scott and Lark joined forces in September 2017 and in July 2018 will formally merge and be re-branded as Aston Lark Ltd. Brexit is an important issue facing all businesses and much detail remains unclear. However, we wanted to reassure you that Aston Lark is committed to looking after our European clients for the long term and to let you know about our plans to ensure we are fully ready for a post-Brexit world.

As you will be aware the UK voted by a narrow majority to leave the European Union, and is scheduled to depart at 1 pm UK time on the 29 March 2019. There was recent positive news that suggests there will be a transition period to enable continuance of existing trading practices until 31st December 2020, but until all legalities are finalised there remains some degree of uncertainty around this. 

At the moment, there is no change to the way we look after our clients, and it is very much business as usual. We are currently at an advanced stage of planning for life after Brexit, and this will involve us opening an office in an EU territory. Aston Lark has in excess of 6,500 EU based clients made up of Commercial entities and Private Clients and includes our leading specialist Music scheme that insures many of the finest musicians, instruments, and orchestras in the EU and around the world Investment in our own EU office is a core strategic pillar for the newly combined Aston Lark Group and will give us the ability not only to continue to look after our existing clients, supported by existing colleagues in our UK branch network, but also to strengthen our own presence within the EU.

It is also worth noting that in 2017 Lark (Group) Limited joined the Worldwide Insurance Network Group (WING), which is a well established international partnership made up exclusively of insurance brokers in more than fifty countries around the world, with members able to work in collaboration on international programmes. 

This development further supports our ability to deliver coordinated and integrated insurance, risk management and employee benefits solutions on a global basis where needed. 

At this time, details on exactly what constitutes “crossing the line” into Brexit territory in terms of handling and advising on EU insurance risks is still somewhat unclear and also the individual plans of specific insurance companies that we place business with are only just beginning to emerge. We will, therefore, provide further details in the coming months as to how we propose to manage your insurance arrangements and rest assured we will consult with you fully in advance to ensure you are satisfied with any changes to your current service arrangements.

Our commitment to you is that we will continue to deliver the same high standards of service which you currently enjoy. 

We hope that this interim update is helpful and of course if you have any immediate questions please do not hesitate to contact your usual Aston Lark advisor or the undernoted.

Thank you for your continued support.