Aston Lark has announced the acquisition of MS Amlin’s £10m GWP marine pleasure craft insurance business, with the deal expected to be formally completed in January 2021.
In September 2019, MS Amlin announced that nine classes of business and operations no longer formed part of “its future strategic direction”, including UK Yacht (previously Haven), but where suitable solutions could be found, it would continue to provide “underwriting support” for MGAs and intermediaries.
Haven was formed as a boat insurance provider in 1986 and merged with Knox-Johnston Insurance Brokers in 1992 to become Haven Knox-Johnston, part of the Amlin Group. A further merger in 2016 saw the business renamed MS Amlin.
Following the sale to Aston Lark, MS Amlin Boat Insurance will be rebranded Haven Knox-Johnston in January 2021, keeping the existing team of 30 and providing the same service, with MS Amlin continuing to operate in an underwriting capacity.
Peter Blanc, Aston Lark Group CEO, said: “I’m delighted that Aston Lark will be reviving the historic Haven Knox-Johnston brand and I’m looking forward to developing the business significantly over the coming months, including the launch of an online broker portal, whilst ensuring a continuation of the high level of service brokers and customers have come to expect.
I’m pleased that MS Amlin have demonstrated their confidence in the business by agreeing to a long-term underwriting commitment.”