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Blanc expects Goldman Sachs to invest in Aston Lark for 'at least five years'

Ten dice displaying the number five

Hastings relationship key to the deal.

Aston Lark confirmed that they had received investment of about £320m from Goldman Sachs, late last week (17 May) replacing former majority shareholder Bowmark Capital that funded the broker’s management buy-in in 2015.

Speaking to Insurance Age today Aston Lark CEO Peter Blanc said: “It’s a huge endorsement of what we’ve created so far, to get an international firm like Goldman Sachs’ interested in investment. Going forward it will enable us to expand our horizons even further”.

Blanc hopes

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Analysis: Are employee benefits the new diversification frontier for GI brokers?

This year, Top 100 UK brokers Jensten, Lloyd & Whyte and Clear have all joined amii, a trade body representing intermediaries advising on health insurance, protection and wellbeing services, while others have acquired in this space. Sam Barrett looks at why firms more closely associated with general insurance broking are branching out to capitalise on opportunities in the employee benefits market.

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