The two acquisitions bring 30,000 policyholders into the Aston Lark Group and over £50m in annual premiums
Goldman Sachs-backed broker Aston Lark has revealed two new acquisitions – Right to Health and The Health Insurance Specialists.
These purchases further boost its employee benefits and individual health insurance expertise.
Both deals are expected to complete in early March.
Peter Blanc, Aston Lark’s group chief executive, said: “Private medical insurance has never been more in demand and Right to Health and The Health Insurance Specialists are at the very pinnacle of high-quality advice and service, fitting perfectly with Aston Lark’s ethos of care for our clients. We’re delighted to welcome both teams to the Aston Lark family.
“We will be continuing to acquire more businesses in the healthcare space over the coming years and would love to hear from other PMI advisors considering their next steps.”
This follows Aston Lark’s acquisition of Private Healthcare Managers in August 2020, when Blanc revealed that private medical insurance is a key area of growth for the broker.
In September 2020, the business hired former chief executive of Chase Templeton, Warren Dickson, as it UK retail managing director.
Blanc continued: “These two healthcare businesses bring over 30,000 new policyholders into the Aston Lark Group and over £50m of annual premium income, making Aston Lark one of the largest private medical insurance brokers in the country.”
Right to Health was founded by Gary Marney and Stephen Carroll in 2001, but has since grown to become one of the UK’s largest independent individual health insurance specialists.
On a similar note, The Health Insurance Specialists was also founded by Marney and Carroll, alongside Robin Dowling.
Marney, partner at The Health Insurance Specialists and founder at Right to Health, and Dowling, partner at The Health Insurance Specialists, said: “Over the last 11 years we have seen significant growth, with this year being no exception.
“The world of private health care is more exciting than ever and we are all very much looking forward to the future with Aston Lark. This development is great news for our clients.
“It strengthens our proposition and breadth of cover in the market and opens up access to a range of other insurance products. The Aston Lark Group shares our ethos of care and excellence in customer service, which we think makes it a great new home for our team.”