UK Broker Aston Lark Acquires Client Book of Choice Benefits

Aston Lark, the London-based insurance broker backed by Goldman Sachs that is soon to become part of Howden, announced the acquisition of the client book of UK-based Choice Benefits Ltd.

Financial details of the deal were not disclosed.

Having advised on health insurance and employee benefits for over a decade, Terry Shelbourne formed Choice Benefits in 2015. Based in Skelmersdale, England, Choice Benefits is a private medical insurance specialist, providing cover for both individuals and businesses. The brand has achieved recognition as a trusted partner to its clients through first rate client service and expertise in health insurance and employee benefits.

“We’re delighted to welcome the clients of Choice Benefits into Aston Lark. We have seen tremendous growth in our employee benefits business in 2021, both through acquisition and organic growth, on the back of increasing volumes of cross-sales across the group. This ability to ‘join the dots’ and offer a full range of solutions to our personal and business customers is a key strength of our group,” commented Peter Blanc, Aston Lark Group CEO.

“We’re proud of our client-centric approach and the excellent level of service we provide to each of our clients. Aston Lark are a great organization, and I’m delighted that my clients will be serviced by a company that puts the same high emphasis on the customer,” said Terry Shelbourne, founder of Choice Benefits. “From our clients’ perspective, I’m excited for the potential to benefit from the great range of products and propositions that Aston Lark has access to.”

Aston Lark has more than 1,700 employees across more than 55 offices in the UK and Ireland, 200,000 customers and more than £1 billion of GWP.

Source: Aston Lark

Topics Mergers & Acquisitions Agencies