Business

Aston Lark acquires Bainbridge Collins

In addition to its insurance broking service, Bainbridge Collins also provides a ‘comprehensive risk management service’

Aston Lark has announced the acquisition of Bainbridge Collins, as it continues its series of acquisitions this year.

Led by Cyril Gallagher and established over 30 years ago in Birmingham, the firm said Bainbridge Collins is considered “one of the Midlands’ leading independent insurance brokers” and specialises in the ‘mid corporate’ sector.

In addition to its insurance broking service, the team also provides a “comprehensive risk management service”, offering advice and guidance on Health and Safety and Loss Prevention measures.

Peter Blanc, Aston Lark Group CEO, said: “We are delighted to welcome Cyril and his team into Aston Lark. This acquisition is another great addition to our West Midlands operations and further enhances our mid-corporate capability in the region.

“There is an excellent cultural fit, and we are confident the business can continue to prosper and grow, benefitting from our group scale and breadth of resources and expertise.”

Gallagher added: “The company has built up an enviable reputation over the years as a broker providing exemplary service, whilst still maintaining that all important personal touch. This in turn has led to us achieving very strong client retention levels, with what is a loyal and long-standing customer base.

“However, as a company you must always have one eye to the future and this acquisition brings a wealth of opportunities not only for our clients, but for my wonderful long-standing staff too. We now look forward to further enhancing our overall value proposition through being part of the wider Aston Lark Group.”

Earlier this month it was revealed that Howden had reached an agreement to acquire Aston Lark from Goldman Sachs Asset Management and Bowmark Capital, subjecto regulatory approval.

The union “completes” Howden’s UK broking business, with Aston Lark joining A-Plan Group and Howden UK to create a full-service broker.

The transaction marks Howden’s largest acquisition to date and creates a UK business managing over £6bn of gross written premium for more than 1.7m policyholders who are served by over 5,000 employees from 160 locations in the UK and Ireland.

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