Aston Lark Ireland has announced the acquisition of Principal Insurance Ireland DAC.
Based in Dublin, Principal Insurance was established in 2015 and has since grown to become a “leading player” in the Irish motorcycle insurance market, with a 30%+ market share.
The group employs 18 staff members and is led by Dave Bowcock and Aly Dixon.
As part of the acquisition, the group will now look to “extend its footprint” in motorcycle insurance and seek out diversification opportunities.
Robert Kennedy, Aston Lark Ireland CEO, said: “The management team at Principal Insurance Ireland DAC are well known to us at Aston Lark. Not only have Dave, Aly and the team built a fantastic business, they share our vision of care for customers and staff which makes it a perfect fit. We are very excited to welcome them to Aston Lark.
“This acquisition significantly diversifies our existing personal lines business, broadens our capabilities and will fuel the next chapter of our journey, as we work together to become the leading independent and most trusted insurance broker in Ireland.”