Aston Lark "closing in" on new PE investment

CEO Peter Blanc says broker will remain independent as bids from three private equity firms have been received.

Aston Lark group chief executive officer Peter Blanc has confirmed that the business is close to agreeing a deal with a new private equity backer.

Insurance Insider reported today (7 May) that the bidders are Abry, Centerbridge and Goldman Sachs.

Blanc stated in January this year that Aston Lark was looking for a change in private equity owners and a week later he confirmed that the broker had employed Macquarie and Livingstone to help generate more investment

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Brokers upbeat on 2024 growth – Aviva

Brokers are more optimistic about growth in the coming year than they have been since before 2020, according to Aviva, with 83% expecting their business to grow compared to 76% last year.

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